Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-238-08-10  08-0F4704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  98%          73%                             
08-RIV-111-53.0/56.2                    Federal Project:                                
Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-237-15-50  03-1A1814                       
                                     NONE                                               
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%          94%                             
03-SAC-5-21.8/23.8                    Federal Project:                                  
                                                                                        
                                     ACIM-3067(16)                                      
                                                                                        
                                                                                        
                                                                                        
Progress payment No. 03            Payment period ending: 08-19-05                      
Progress payment No. 44            Payment period ending: 08-19-05                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 95077                                                                    
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         756,997.77       16,284.40                      
2.a. Extra Work                          18,086.35       18,086.35                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          775,084.12       34,370.75                      
5. Mobilization                                                                         
6. Total Work Completed      775,084.12                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -38,754.21       -1,718.54                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              736,329.91       32,652.21                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              32,652.21                      
TERRA CAL CONSTRUCTION INC                                                              
30765 PACIFIC COAST HIWAY 365                                                           
MALIBU CA 90265                                                                         
                                                                                        
                                                                                        
Escrow No.  01918                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         945,638.58        4,944.74                      
2.a. Extra Work                          18,813.42            0.00                      
  b. Adjustment Comp.                    25,236.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          989,688.00        4,944.74                      
5. Mobilization                         152,913.00            0.00                      
6. Total Work Completed    1,142,601.00                                                 
7. Deductions                           -42,119.71            0.00                      
8. a.Contract Retentions                -49,484.40         -247.24                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,050,996.89        4,697.50                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        49,230.00                                                  
12. Net Pymt. this Estimate                               4,697.50