Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          12-332-10-57  11-2T1804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  37%          64%                             
11-SD-805-9.4/13.8                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 11-20-12                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,540,942.76      549,752.60                      
2.a. Extra Work                         695,858.21       21,261.53                      
  b. Adjustment Comp.                   -21,344.12       30,525.88                      
3. Materials on Hand                    349,717.50       21,500.90                      
4. Earned Subject to Retention        4,565,174.35      623,040.91                      
5. Mobilization                       1,353,750.00            0.00                      
6. Total Work Completed    5,569,206.85                                                 
7. Deductions                           -17,494.23            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            5,901,430.12      623,040.91                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             623,040.91