Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          13-011-12-26  11-167894                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-IMP-78-R9.2/R12.1                    Federal Project:                                
                                     HPLU-6211(94)                                      
                                                                                        
                                                                                        
Progress payment No. 23            Payment period ending: 12-10-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      27,700,161.84     -104,455.75                      
2.a. Extra Work                         759,156.71      192,233.70                      
  b. Adjustment Comp.                   892,663.49          762.09                      
3. Materials on Hand                          0.00      -35,581.76                      
4. Earned Subject to Retention       29,351,982.04       52,958.28                      
5. Mobilization                         845,000.00            0.00                      
6. Total Work Completed   30,196,982.04                                                 
7. Deductions                          -126,964.77       11,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           30,070,017.27       63,958.28                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              63,958.28