Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-115-14-31  11-293104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%          39%                             
11-SD-78-15.5/R16.7                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 10            Payment period ending: 04-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,017,969.92       55,090.10                      
2.a. Extra Work                         149,115.09       74,429.85                      
  b. Adjustment Comp.                       247.93       -1,812.24                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,167,332.94      127,707.71                      
5. Mobilization                         229,189.00            0.00                      
6. Total Work Completed    2,396,521.94                                                 
7. Deductions                           -33,857.70        4,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,362,664.24      131,707.71                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             131,707.71