Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-173-08-07  02-364304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                   4%          11%                             
02-SIS-5-2.7/R11.4                    Federal Project:                                  
                                     ACIM-005-9(156)                                    
                             STP-P089(74)                                               
                                                                                        
Progress payment No. 06            Payment period ending: 06-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01647                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         631,878.86      484,833.12                      
2.a. Extra Work                         159,207.41        2,206.64                      
  b. Adjustment Comp.                    -5,000.00       -5,000.00                      
3. Materials on Hand                     80,833.68       11,381.08                      
4. Earned Subject to Retention          866,919.95      493,420.84                      
5. Mobilization                                                                         
6. Total Work Completed      786,086.27                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -86,692.00      -49,342.09                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              780,227.95      444,078.75                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        86,690.00                                                  
12. Net Pymt. this Estimate                             444,078.75