Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-263-14-53  12-0K6204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  73%          71%                             
12-ORA-5-17.1/17.8                    Federal Project:                                  
                                     IM00-5295(989)                                     
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 09-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         906,231.20       92,221.60                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                          0.00      -29,898.76                      
4. Earned Subject to Retention          906,231.20       62,322.84                      
5. Mobilization                         130,000.00            0.00                      
6. Total Work Completed    1,036,231.20                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,036,231.20       62,322.84                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              62,322.84