Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-267-15-27  03-3A21U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  19%          30%                             
03-NEV-80-17.1/28.1                    Federal Project:                                 
                                     ACIM-080-4(169)                                    
                             ACIM-080-4(169)                                            
                                                                                        
Progress payment No. 07            Payment period ending: 09-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01742                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      10,772,521.62    3,049,290.10                      
2.a. Extra Work                         127,966.04       34,821.99                      
  b. Adjustment Comp.                   -26,713.45      -21,728.89                      
3. Materials on Hand                    646,305.00     -485,350.76                      
4. Earned Subject to Retention       11,520,079.21    2,577,032.44                      
5. Mobilization                       5,625,000.00            0.00                      
6. Total Work Completed   16,498,774.21                                                 
7. Deductions                           -15,133.00       -6,133.00                      
8. a.Contract Retentions             -1,152,007.92     -257,703.24                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           15,977,938.29    2,313,196.20                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       700,000.00                                                  
12. Net Pymt. this Estimate                           2,313,196.20