Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          10-202-10-01  09-2144U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  93%          86%                             
09-INY-395-65.0/76.1                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 23            Payment period ending: 07-20-10                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  02414                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      32,806,528.55    1,737,490.57                      
2.a. Extra Work                       1,296,803.79       34,512.00                      
  b. Adjustment Comp.                  -316,837.83     -326,453.83                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       33,786,494.51    1,445,548.74                      
5. Mobilization                       3,530,395.00            0.00                      
6. Total Work Completed   37,316,889.51                                                 
7. Deductions                              -866.60         -866.60                      
8. a.Contract Retentions             -1,689,324.73      -72,277.44                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           35,626,698.18    1,372,404.70                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow     1,689,320.00                                                  
12. Net Pymt. this Estimate                           1,372,404.70