Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-298-09-41  11-266104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  93%         100%                             
11-IMP-8-R0.0/R10.0                    Federal Project:                                 
                                     ACIM-082(103)                                      
                                                                                        
                                                                                        
Progress payment No. 07            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.      11,836,606.53    1,142,218.03                      
2.a. Extra Work                          77,417.12        1,871.16                      
  b. Adjustment Comp.                    -8,426.49            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       11,905,597.16    1,144,089.19                      
5. Mobilization                       1,347,600.00            0.00                      
6. Total Work Completed   13,253,197.16                                                 
7. Deductions                        -3,063,268.51     -720,200.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           10,189,928.65      423,889.19                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             423,889.19