Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-147-14-05  08-486304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  94%          80%                             
08-SBD-40-R89.0/R119.0                    Federal Project:                              
                                     ACIM-040-2(54)                                     
                                                                                        
                                                                                        
Progress payment No. 17            Payment period ending: 05-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      38,977,200.68    2,128,710.55                      
2.a. Extra Work                         215,565.87       36,238.77                      
  b. Adjustment Comp.                 2,258,249.16      -77,383.86                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       41,451,015.71    2,087,565.46                      
5. Mobilization                       3,536,243.00            0.00                      
6. Total Work Completed   44,987,258.71                                                 
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           42,216,821.74    2,087,565.46                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           2,087,565.46