Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          03-052-06-41  01-301704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  75%          67%                             
01-MEN-101-5.7/9.2                    Federal Project:                                  
                                     ACNH-P101(969)                                     
                                                                                        
                                                                                        
Progress payment No. 20            Payment period ending: 02-20-03                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE, CA 950775085                                                               
                                                                                        
                                                                                        
Escrow No.  01810                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      10,873,891.13        1,000.00                      
2.a. Extra Work                         626,613.12       25,129.76                      
  b. Adjustment Comp.                    56,454.20       -2,838.40                      
3. Materials on Hand                     29,903.10            0.00                      
4. Earned Subject to Retention       11,586,861.55       23,291.36                      
5. Mobilization                       1,453,000.00            0.00                      
6. Total Work Completed   13,009,958.45                                                 
7. Deductions                           -24,600.00       10,000.00                      
8. a.Contract Retentions               -579,343.08       -1,164.57                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           12,435,918.47       32,126.79                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       579,340.00                                                  
12. Net Pymt. this Estimate                              32,126.79