Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          08-098-08-33  11-276604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-IMP-111-R1.2/R4.7                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 09            Payment period ending: 03-28-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,683,888.70        8,040.00                      
2.a. Extra Work                          20,789.76        6,844.64                      
  b. Adjustment Comp.                     2,639.56      -14,391.22                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,707,318.02          493.42                      
5. Mobilization                         290,000.00            0.00                      
6. Total Work Completed    1,997,318.02                                                 
7. Deductions                           -16,372.28       90,180.99                      
8. a.Contract Retentions                -85,341.23            0.00                      
   b. Unsatisfactory Prog.                    0.00       34,023.19                      
   c. Reduction after 95% Comp.          85,341.23       85,341.23                      
9. Total pay to Contractor            1,980,945.74      210,038.83                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             210,038.83