Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          07-022-13-34  11-229024                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-IMP-98-45.2/46.0                    Federal Project:                                 
                                     ACST-P098(23)                                      
                             P-P098(23)                                                 
                                                                                        
Progress payment No. 10            Payment period ending: 12-22-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,696,409.62            0.00                      
2.a. Extra Work                         208,764.93       93,960.91                      
  b. Adjustment Comp.                   -10,727.10      -10,727.10                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,894,447.45       83,233.81                      
5. Mobilization                         258,000.00            0.00                      
6. Total Work Completed    4,152,447.45                                                 
7. Deductions                           -11,848.53       -5,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,140,598.92       78,233.81                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              78,233.81