Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          07-115-13-28  06-407204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  58%          63%                             
06-MAD-99-9.1/9.8                    Federal Project:                                   
06-MAD-145-8.9/9.2                                     NH                               
                                                                                        
                                                                                        
Progress payment No. 06            Payment period ending: 04-20-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,328,940.87      855,961.32                      
2.a. Extra Work                          84,578.83       11,774.34                      
  b. Adjustment Comp.                    -2,681.95       -2,062.38                      
3. Materials on Hand                     15,617.60     -101,285.00                      
4. Earned Subject to Retention        3,426,455.35      764,388.28                      
5. Mobilization                          90,000.00        4,500.00                      
6. Total Work Completed    3,500,837.75                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions               -171,322.77      -38,219.42                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,335,132.58      730,668.86                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             730,668.86