Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-264-15-19  11-265304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  90%         100%                             
11-SD-15-0.5/M4.0                    Federal Project:                                   
                                     NH01-5017(E)                                       
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 09-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,529,256.04       99,019.69                      
2.a. Extra Work                          93,075.51       77,296.33                      
  b. Adjustment Comp.                   -30,481.05            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,591,850.50      176,316.02                      
5. Mobilization                         284,450.00            0.00                      
6. Total Work Completed    4,876,300.50                                                 
7. Deductions                           -46,128.59      -12,320.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,830,171.91      163,996.02                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             163,996.02