Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          06-115-14-40  07-127264                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
07-LA-138-61.5/63.6                    Federal Project:                                 
                                     ACNH-P138(37)                                      
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 04-20-06                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         584,564.14      246,718.74                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                                                                   
3. Materials on Hand                          0.00      -37,470.42                      
4. Earned Subject to Retention          584,564.14      209,248.32                      
5. Mobilization                                                                         
6. Total Work Completed      584,564.14                                                 
7. Deductions                                                                           
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              584,564.14      209,248.32                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             209,248.32