Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          06-195-09-44  11-256304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-IMP-86-5.9/6.1                    Federal Project:                                   
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 19            Payment period ending: 03-30-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         808,782.60            0.00                      
2.a. Extra Work                          39,759.61         -382.82                      
  b. Adjustment Comp.                    14,937.40            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          863,479.61         -382.82                      
5. Mobilization                          83,000.00            0.00                      
6. Total Work Completed      946,479.61                                                 
7. Deductions                                 0.00        1,000.00                      
8. a.Contract Retentions                -42,750.62            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          42,750.62            0.00                      
9. Total pay to Contractor              946,479.61          617.18                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                 617.18