Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          13-113-15-11  11-2T0954                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  36%          23%                             
11-SD-15-M15.0/M16.4                    Federal Project:                                
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 10            Payment period ending: 04-20-13                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       5,390,275.05      987,204.96                      
2.a. Extra Work                         282,722.56      -34,562.99                      
  b. Adjustment Comp.                    48,911.33            0.00                      
3. Materials on Hand                    328,857.35     -103,780.50                      
4. Earned Subject to Retention        6,050,766.29      848,861.47                      
5. Mobilization                       1,947,500.00            0.00                      
6. Total Work Completed    7,669,408.94                                                 
7. Deductions                           -34,901.83       49,064.39                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            7,963,364.46      897,925.86                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             897,925.86