Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-024-10-00  10-0E9304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  68%          93%                             
10-SJ-26-4.6/6.0                    Federal Project:                                    
                                     HSST-P026(24)                                      
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 01-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         896,000.47      -12,098.80                      
2.a. Extra Work                          23,024.53        7,243.60                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          919,025.00       -4,855.20                      
5. Mobilization                                                                         
6. Total Work Completed      919,025.00                                                 
7. Deductions                            -1,000.00        5,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              918,025.00          144.80                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                 144.80