Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-356-09-26  11-407204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  88%          71%                             
11-SD-94-3.1/3.1                    Federal Project:                                    
                                     ACNH-X073(97)                                      
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 12-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         435,602.35       98,675.13                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                    -8,378.71       -8,378.71                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          427,223.64       90,296.42                      
5. Mobilization                          40,000.00            0.00                      
6. Total Work Completed      467,223.64                                                 
7. Deductions                            -3,000.00       -2,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              464,223.64       88,296.42                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              88,296.42