Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          06-215-12-43  10-0C9404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
10-MER-140-35.3/35.5                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 05-31-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE  CA 95077                                                                   
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         322,208.40            0.00                      
2.a. Extra Work                             337.62            0.00                      
  b. Adjustment Comp.                    -8,534.13       -8,534.13                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          314,011.89       -8,534.13                      
5. Mobilization                                                                         
6. Total Work Completed      314,011.89                                                 
7. Deductions                                 0.00       13,246.94                      
8. a.Contract Retentions                -13,754.45            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          13,754.45            0.00                      
9. Total pay to Contractor              314,011.89        4,712.81                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               4,712.81