Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-234-12-50  03-3A21U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  15%          25%                             
03-NEV-80-17.1/28.1                    Federal Project:                                 
                                     ACIM-080-4(169)                                    
                             ACIM-080-4(169)                                            
                                                                                        
Progress payment No. 06            Payment period ending: 08-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01742                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       7,723,231.52    2,094,422.21                      
2.a. Extra Work                          93,144.05       87,412.40                      
  b. Adjustment Comp.                    -4,984.56       -4,984.56                      
3. Materials on Hand                  1,131,655.76      381,371.34                      
4. Earned Subject to Retention        8,943,046.77    2,558,221.39                      
5. Mobilization                       5,625,000.00    1,875,000.00                      
6. Total Work Completed   13,436,391.01                                                 
7. Deductions                            -9,000.00       -9,000.00                      
8. a.Contract Retentions               -894,304.68     -255,822.14                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           13,664,742.09    4,168,399.25                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       700,000.00                                                  
12. Net Pymt. this Estimate                           4,168,399.25