Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          03-317-14-40  01-3514U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
01-MEN-1-90.9/105.6                    Federal Project:                                 
                                     ACST-P001(462)                                     
                             P-P001(462)                                                
                                                                                        
Progress payment No. 13            Payment period ending: 11-08-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE, CA 950775085                                                               
                                                                                        
                                                                                        
Escrow No.  01801                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,067,706.14            0.00                      
2.a. Extra Work                         344,074.34            0.00                      
  b. Adjustment Comp.                   -25,958.04       -5,703.39                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,385,822.44       -5,703.39                      
5. Mobilization                         375,000.00            0.00                      
6. Total Work Completed    3,760,822.44                                                 
7. Deductions                                 0.00       10,000.00                      
8. a.Contract Retentions               -167,956.19            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         167,956.19            0.00                      
9. Total pay to Contractor            3,760,822.44        4,296.61                      
10. Reduction Amt to Escrow            -167,950.00            0.00                      
11. Payment to Escrow       167,950.00                                                  
12. Net Pymt. this Estimate                               4,296.61