Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-295-08-24  09-317704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  39%          73%                             
09-INY-395-90.9/99.2                    Federal Project:                                
09-INY-395-100.8/113.0                                     NONE                         
09-MNO-395-0.0/6.8                                                                      
                                                                                        
Progress payment No. 04            Payment period ending: 10-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,281,874.99    1,458,123.66                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -93,030.81      -93,030.81                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,188,844.18    1,365,092.85                      
5. Mobilization                         570,000.00      120,000.00                      
6. Total Work Completed    2,758,844.18                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -129,543.19      -47,168.06                      
   b. Unsatisfactory Prog.                    0.00            0.01                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,629,300.99    1,437,924.80                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,437,924.80