Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          12-356-13-10  11-265304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-SD-15-0.5/M4.0                    Federal Project:                                   
                                     NH01-5017(E)                                       
                                                                                        
                                                                                        
Progress payment No. 10            Payment period ending: 11-26-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,579,628.59         -920.00                      
2.a. Extra Work                         608,110.48      234,586.98                      
  b. Adjustment Comp.                   -26,555.20      -22,000.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,161,183.87      211,666.98                      
5. Mobilization                         284,450.00            0.00                      
6. Total Work Completed    5,445,633.87                                                 
7. Deductions                           -27,128.59       -6,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,418,505.28      205,666.98                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             205,666.98