Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-298-08-02  11-2T1804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  33%          50%                             
11-SD-805-9.4/13.8                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 10-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,991,190.16      631,724.94                      
2.a. Extra Work                         674,596.68        9,876.18                      
  b. Adjustment Comp.                   -51,870.00            0.00                      
3. Materials on Hand                    328,216.60      328,216.60                      
4. Earned Subject to Retention        3,942,133.44      969,817.72                      
5. Mobilization                       1,353,750.00            0.00                      
6. Total Work Completed    4,967,666.84                                                 
7. Deductions                           -17,494.23       -7,122.40                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,278,389.21      962,695.32                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             962,695.32