Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-332-11-06  11-265304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%         100%                             
11-SD-15-0.5/M4.0                    Federal Project:                                   
                                     NH01-5017(E)                                       
                                                                                        
                                                                                        
Progress payment No. 09            Payment period ending: 11-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,580,548.59        7,557.00                      
2.a. Extra Work                         373,523.50       72,810.69                      
  b. Adjustment Comp.                    -4,555.20       22,499.10                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,949,516.89      102,866.79                      
5. Mobilization                         284,450.00            0.00                      
6. Total Work Completed    5,233,966.89                                                 
7. Deductions                           -21,128.59       45,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,212,838.30      147,866.79                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             147,866.79