Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-294-14-24  01-194134                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  83%         100%                             
01-MEN-20-43.0/44.1                    Federal Project:                                 
01-LAK-20-0.0/0.6                                     NH-L20                            
                                                                                        
                                                                                        
Progress payment No. 18            Payment period ending: 10-18-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE, CA 950775085                                                               
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,156,462.95      428,192.33                      
2.a. Extra Work                         526,795.15        1,076.02                      
  b. Adjustment Comp.                     2,869.65         -269.45                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,686,127.75      428,998.90                      
5. Mobilization                         365,000.00            0.00                      
6. Total Work Completed    4,051,127.75                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions               -184,306.39      -21,449.95                      
   b. Unsatisfactory Prog.              -51,863.02      -21,449.94                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,804,958.34      386,099.01                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             386,099.01