Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          07-331-15-38  08-476104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
08-SBD-15-R115.3/R119.0                    Federal Project:                             
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 11            Payment period ending: 11-02-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,080,494.28        3,962.50                      
2.a. Extra Work                         835,551.53        5,250.54                      
  b. Adjustment Comp.                    70,148.19         -309.76                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        6,986,194.00        8,903.28                      
5. Mobilization                         352,757.00            0.00                      
6. Total Work Completed    7,338,951.00                                                 
7. Deductions                           -10,000.00      -10,000.00                      
8. a.Contract Retentions               -348,864.54            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         348,864.54      348,864.54                      
9. Total pay to Contractor            7,328,951.00      347,767.82                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             347,767.82