Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-294-16-14  01-3514U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  90%          81%                             
01-MEN-1-90.9/105.6                    Federal Project:                                 
                                     ACST-P001(462)                                     
                             P-P001(462)                                                
                                                                                        
Progress payment No. 10            Payment period ending: 10-18-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE, CA 950775085                                                               
                                                                                        
                                                                                        
Escrow No.  01801                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,067,177.39       56,214.25                      
2.a. Extra Work                         294,172.20            0.00                      
  b. Adjustment Comp.                    -2,225.82            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,359,123.77       56,214.25                      
5. Mobilization                         375,000.00            0.00                      
6. Total Work Completed    3,734,123.77                                                 
7. Deductions                           -55,649.44       -5,649.44                      
8. a.Contract Retentions               -167,956.19       -2,810.71                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,510,518.14       47,754.10                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       167,950.00                                                  
12. Net Pymt. this Estimate                              47,754.10