Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-330-08-05  09-317704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  92%          99%                             
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. 05            Payment period ending: 11-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,026,476.52    3,744,601.53                      
2.a. Extra Work                           1,003.33        1,003.33                      
  b. Adjustment Comp.                   -93,030.81            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,934,449.04    3,745,604.86                      
5. Mobilization                         600,000.00       30,000.00                      
6. Total Work Completed    6,534,449.04                                                 
7. Deductions                          -936,150.38     -936,150.38                      
8. a.Contract Retentions               -296,722.45     -167,179.26                      
   b. Unsatisfactory Prog.             -187,280.24     -187,280.24                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,114,295.97    2,484,994.98                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           2,484,994.98