Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-298-08-00  11-2T1814                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  22%           7%                             
11-SD-805-5.5/9.4                    Federal Project:                                   
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            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.       4,255,017.26    1,866,817.39                      
2.a. Extra Work                           5,539.54          550.83                      
  b. Adjustment Comp.                    -2,000.00       -2,000.00                      
3. Materials on Hand                    166,538.99      -90,576.81                      
4. Earned Subject to Retention        4,425,095.79    1,774,791.41                      
5. Mobilization                       2,190,000.00            0.00                      
6. Total Work Completed    6,448,556.80                                                 
7. Deductions                            -9,419.00       -5,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            6,605,676.79    1,769,791.41                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,769,791.41