Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          04-097-15-46  01-345204                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  81%          87%                             
01-LAK-29-R38.3/R38.9                    Federal Project:                               
                                     ACST-P029(92)                                      
                             PHG-P029(92)                                               
                                                                                        
Progress payment No. 10            Payment period ending: 03-19-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         924,722.67       74,028.76                      
2.a. Extra Work                          88,972.36            0.00                      
  b. Adjustment Comp.                      -723.80            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,012,971.23       74,028.76                      
5. Mobilization                         139,100.00            0.00                      
6. Total Work Completed    1,152,071.23                                                 
7. Deductions                           -24,575.53            0.00                      
8. a.Contract Retentions                -50,648.56       -3,701.44                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,076,847.14       70,327.32                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              70,327.32