Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-296-14-33  08-486304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  92%          96%                             
08-SBD-40-R89.0/R119.0                    Federal Project:                              
                                     ACIM-040-2(54)                                     
                                                                                        
                                                                                        
Progress payment No. 21            Payment period ending: 10-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      39,963,663.08       11,165.00                      
2.a. Extra Work                         311,936.24            0.00                      
  b. Adjustment Comp.                 1,193,371.95   -1,156,152.98                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       41,468,971.27   -1,144,987.98                      
5. Mobilization                               0.00            0.00                      
6. Total Work Completed   41,468,971.27                                                 
7. Deductions                            -6,094.77    2,251,735.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           41,462,876.50    1,106,747.02                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,106,747.02