Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          09-029-09-28  11-284104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-IMP-8-R23.3/R23.7                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 07            Payment period ending: 09-11-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         615,425.70            0.00                      
2.a. Extra Work                           6,233.60            0.00                      
  b. Adjustment Comp.                    -3,119.15            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          618,540.15            0.00                      
5. Mobilization                          60,500.00            0.00                      
6. Total Work Completed      679,040.15                                                 
7. Deductions                          -111,612.05            0.00                      
8. a.Contract Retentions                -29,605.08            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          29,605.08            0.00                      
9. Total pay to Contractor              567,428.10            0.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                   0.00