Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          02-057-08-33  03-0C5104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-YOL-5-5.6/ .0                    Federal Project:                                    
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 11-13-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         255,429.70            0.00                      
2.a. Extra Work                          21,517.62            0.00                      
  b. Adjustment Comp.                    -3,893.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          273,054.32            0.00                      
5. Mobilization                                                                         
6. Total Work Completed      273,054.32                                                 
7. Deductions                                 0.00       10,000.00                      
8. a.Contract Retentions                 -8,534.89            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.           8,534.89            0.00                      
9. Total pay to Contractor              273,054.32       10,000.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,000.00