Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-236-10-18  11-293104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  98%          65%                             
11-SD-78-15.5/R16.7                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 14            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.       2,021,791.92          840.00                      
2.a. Extra Work                         198,835.98        5,329.53                      
  b. Adjustment Comp.                    -5,388.69            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,215,239.21        6,169.53                      
5. Mobilization                         229,189.00            0.00                      
6. Total Work Completed    2,444,428.21                                                 
7. Deductions                           -34,857.70       -1,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,409,570.51        5,169.53                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               5,169.53