Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          07-234-14-30  07-3N9804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
07-VEN-34-15.2/ .0                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 06-06-07                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         218,406.28            0.00                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                    -5,734.31            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          212,671.97            0.00                      
5. Mobilization                                                                         
6. Total Work Completed      212,671.97                                                 
7. Deductions                                                                           
8. a.Contract Retentions                 -9,845.22            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.           9,845.22            0.00                      
9. Total pay to Contractor              212,671.97            0.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                   0.00