Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          05-102-10-24  10-498404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
10-CAL-26-7.2/8.3                    Federal Project:                                   
                                     ACST-P026(21)                                      
                             PH-P026(21)                                                
                                                                                        
Progress payment No. 10            Payment period ending: 03-11-05                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,923,639.86        3,970.66                      
2.a. Extra Work                         306,720.09       18,838.56                      
  b. Adjustment Comp.                     1,700.00      -23,300.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,232,059.95         -490.78                      
5. Mobilization                         190,000.00            0.00                      
6. Total Work Completed    2,422,059.95                                                 
7. Deductions                           -10,000.00       20,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,412,059.95       19,509.22                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              19,509.22