Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-207-08-59  11-266104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  48%          84%                             
11-IMP-8-R0.0/R10.0                    Federal Project:                                 
                                     ACIM-082(103)                                      
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 07-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,965,349.59    3,052,708.29                      
2.a. Extra Work                          75,545.96       44,304.55                      
  b. Adjustment Comp.                    -8,426.49      -26,683.29                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        5,032,469.06    3,070,329.55                      
5. Mobilization                       1,280,220.00      269,520.00                      
6. Total Work Completed    6,312,689.06                                                 
7. Deductions                          -885,707.46      139,677.69                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.             -307,032.96     -307,032.96                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,119,948.64    3,172,494.28                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           3,172,494.28