Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-114-13-27  08-486304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  90%          73%                             
08-SBD-40-R89.0/R119.0                    Federal Project:                              
                                     ACIM-040-2(54)                                     
                                                                                        
                                                                                        
Progress payment No. 16            Payment period ending: 04-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      36,848,490.13    1,026,363.21                      
2.a. Extra Work                         179,327.10        4,701.55                      
  b. Adjustment Comp.                 2,335,633.02     -244,717.09                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       39,363,450.25      786,347.67                      
5. Mobilization                       3,536,243.00            0.00                      
6. Total Work Completed   42,899,693.25                                                 
7. Deductions                        -2,770,436.97            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           40,129,256.28      786,347.67                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             786,347.67