Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-009-09-59  09-347704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
09-INY-136-0.0/10.0                    Federal Project:                                 
09-INY-136-12.5/17.7                                     NONE                           
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 12-29-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95076                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,735,648.24           75.00                      
2.a. Extra Work                          11,973.27        2,200.60                      
  b. Adjustment Comp.                    -7,152.66            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,740,468.85        2,275.60                      
5. Mobilization                                                                         
6. Total Work Completed    1,740,468.85                                                 
7. Deductions                           -58,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,682,468.85        2,275.60                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               2,275.60