Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          06-361-10-08  10-0G0504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
10-SJ-99-30.7/38.7                    Federal Project:                                  
                                     ACST-P099(494)                                     
                             PHG-P099(494)                                              
                                                                                        
Progress payment No. 04            Payment period ending: 09-01-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE  CA 95077                                                                   
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         447,138.00            0.00                      
2.a. Extra Work                           7,314.52            0.00                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          454,452.52            0.00                      
5. Mobilization                          48,000.00            0.00                      
6. Total Work Completed      502,452.52                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              502,452.52            0.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                   0.00