Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-298-09-13  11-167894                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  93%         100%                             
11-IMP-78-R9.2/R12.1                    Federal Project:                                
                                     HPLU-6211(94)                                      
                                                                                        
                                                                                        
Progress payment No. 20            Payment period ending: 10-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      27,601,309.40    1,004,215.99                      
2.a. Extra Work                         457,463.18     -117,797.99                      
  b. Adjustment Comp.                   470,366.67       -5,971.40                      
3. Materials on Hand                     35,581.76     -177,235.85                      
4. Earned Subject to Retention       28,564,721.01      703,210.75                      
5. Mobilization                         845,000.00            0.00                      
6. Total Work Completed   29,374,139.25                                                 
7. Deductions                          -142,975.17       -3,102.40                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           29,266,745.84      700,108.35                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             700,108.35