Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          06-275-07-55  09-301404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
09-INY-395-25.8/31.2                    Federal Project:                                
09-INY-395-41.3/44.9                                     NONE                           
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 09-22-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,401,267.44        1,604.00                      
2.a. Extra Work                           9,162.53            0.00                      
  b. Adjustment Comp.                   -46,266.32            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,364,163.65        1,604.00                      
5. Mobilization                                                                         
6. Total Work Completed    3,364,163.65                                                 
7. Deductions                           -30,000.00      -20,000.00                      
8. a.Contract Retentions               -168,127.98            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         168,127.98      168,127.98                      
9. Total pay to Contractor            3,334,163.65      149,731.98                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             149,731.98