Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-298-07-58  11-265304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  95%          88%                             
11-SD-15-0.5/M4.0                    Federal Project:                                   
                                     NH01-5017(E)                                       
                                                                                        
                                                                                        
Progress payment No. 08            Payment period ending: 10-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,572,991.59       43,735.55                      
2.a. Extra Work                         300,712.81      207,637.30                      
  b. Adjustment Comp.                   -27,054.30        3,426.75                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,846,650.10      254,799.60                      
5. Mobilization                         284,450.00            0.00                      
6. Total Work Completed    5,131,100.10                                                 
7. Deductions                           -66,128.59      -20,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,064,971.51      234,799.60                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             234,799.60