Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          09-329-11-07  09-318104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  86%          88%                             
09-INY-190-87.6/88.3                    Federal Project:                                
                                     SB-P190(12)                                        
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 11-20-09                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         700,218.55      501,944.50                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                   -18,105.73      -18,105.73                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          682,112.82      483,838.77                      
5. Mobilization                          29,400.00        1,470.00                      
6. Total Work Completed      711,512.82                                                 
7. Deductions                            -5,859.38       -5,859.38                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              705,653.44      479,449.39                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             479,449.39