Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          06-019-12-54  01-316104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-20-R37.9/43.0                    Federal Project:                                
                                     ACNH-P020(132)                                     
                                                                                        
                                                                                        
Progress payment No. 11            Payment period ending: 12-09-05                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,680,245.14       92,920.95                      
2.a. Extra Work                         134,053.51      111,670.45                      
  b. Adjustment Comp.                   -19,116.16      -19,116.16                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,795,182.49      185,475.24                      
5. Mobilization                         397,625.00            0.00                      
6. Total Work Completed    4,192,807.49                                                 
7. Deductions                           -34,000.00      -20,000.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            4,158,807.49      165,475.24                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             165,475.24