Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-208-14-07  08-486304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  98%          94%                             
08-SBD-40-R89.0/R119.0                    Federal Project:                              
                                     ACIM-040-2(54)                                     
                                                                                        
                                                                                        
Progress payment No. 19            Payment period ending: 07-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      39,939,898.08      138,089.50                      
2.a. Extra Work                         311,002.58        7,075.41                      
  b. Adjustment Comp.                 2,226,864.53       -8,100.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       42,477,765.19      137,064.91                      
5. Mobilization                       3,536,243.00            0.00                      
6. Total Work Completed   46,014,008.19                                                 
7. Deductions                        -2,257,829.77      512,607.20                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           43,756,178.42      649,672.11                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             649,672.11