Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          11-298-07-48  11-2M1604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  45%          71%                             
11-SD-8-R39.7/R61.5                    Federal Project:                                 
                                     ACIM-081(309)                                      
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 10-20-11                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,114,966.41      599,752.35                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                          0.00      -17,418.72                      
4. Earned Subject to Retention        4,114,966.41      582,333.63                      
5. Mobilization                         474,050.00            0.00                      
6. Total Work Completed    4,589,016.41                                                 
7. Deductions                           -13,000.00       10,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,576,016.41      592,333.63                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             592,333.63