Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          12-131-10-29  09-343404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
09-MNO-395-36.1/40.1                    Federal Project:                                
                                     NH-P395(230)                                       
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 10-18-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,245,115.09            0.00                      
2.a. Extra Work                          11,525.47            0.00                      
  b. Adjustment Comp.                   184,440.33       -4,447.85                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,441,080.89       -4,447.85                      
5. Mobilization                          13,700.00            0.00                      
6. Total Work Completed    3,454,780.89                                                 
7. Deductions                              -258.23       15,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,454,522.66       10,552.15                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,552.15