Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          08-297-05-35  06-0E6904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  21%          28%                             
06-KER-395-0.1/T14.6                    Federal Project:                                
                                     ACHS-P395(219)                                     
                             NH-P395(219)                                               
                                                                                        
Progress payment No. 02            Payment period ending: 10-20-08                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,112,573.17    1,080,634.77                      
2.a. Extra Work                           5,134.51        5,134.51                      
  b. Adjustment Comp.                   -40,306.94      -40,306.94                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,077,400.74    1,045,462.34                      
5. Mobilization                         324,141.00      324,141.00                      
6. Total Work Completed    1,401,541.74                                                 
7. Deductions                              -376.80         -376.80                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,401,164.94    1,369,226.54                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,369,226.54