Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-034-13-40  09-347304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
09-INY-136-10.0/12.5                    Federal Project:                                
09-INY-168-18.3/20.5                                     NONE                           
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 01-24-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,465,071.08          135.50                      
2.a. Extra Work                          13,630.38        1,770.14                      
  b. Adjustment Comp.                      -572.30         -572.30                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,478,129.16        1,333.34                      
5. Mobilization                                                                         
6. Total Work Completed    1,478,129.16                                                 
7. Deductions                           -61,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,417,129.16        1,333.34                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               1,333.34