Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-235-15-18  11-266104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  76%         100%                             
11-IMP-8-R0.0/R10.0                    Federal Project:                                 
                                     ACIM-082(103)                                      
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 08-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       8,586,131.96    3,620,782.37                      
2.a. Extra Work                          75,545.96            0.00                      
  b. Adjustment Comp.                    -8,426.49            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        8,653,251.43    3,620,782.37                      
5. Mobilization                       1,347,600.00       67,380.00                      
6. Total Work Completed   10,000,851.43                                                 
7. Deductions                        -1,814,004.37     -928,296.91                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.             -669,111.20     -362,078.24                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            7,517,735.86    2,397,787.22                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           2,397,787.22