Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          06-137-13-19  03-3546U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-SAC-80-9.1/17.9                    Federal Project:                                  
                                     ACNH-080-3(227)                                    
                             I-080-3(227)                                               
                             ACBH-080-3(227)                                            
Progress payment No. 33            Payment period ending: 05-17-05                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01961                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      27,590,915.57            0.00                      
2.a. Extra Work                       1,849,432.23       48,606.23                      
  b. Adjustment Comp.                 1,702,499.70       -8,309.20                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       31,142,847.50       40,297.03                      
5. Mobilization                       1,838,000.00            0.00                      
6. Total Work Completed   32,980,847.50                                                 
7. Deductions                          -106,406.64       82,988.69                      
8. a.Contract Retentions             -1,537,767.30            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.       1,537,767.30            0.00                      
9. Total pay to Contractor           32,874,440.86      123,285.72                      
10. Reduction Amt to Escrow          -1,537,760.00            0.00                      
11. Payment to Escrow     1,537,760.00                                                  
12. Net Pymt. this Estimate                             123,285.72