Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          01-284-15-35  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. 08            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.      10,793,826.87       21,305.25                      
2.a. Extra Work                         140,147.36       12,181.32                      
  b. Adjustment Comp.                   -49,840.18      -23,126.73                      
3. Materials on Hand                    962,040.00      315,735.00                      
4. Earned Subject to Retention       11,846,174.05      326,094.84                      
5. Mobilization                       5,625,000.00            0.00                      
6. Total Work Completed   16,509,134.05                                                 
7. Deductions                           -15,133.00            0.00                      
8. a.Contract Retentions             -1,184,617.41      -32,609.49                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           16,271,423.64      293,485.35                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       700,000.00                                                  
12. Net Pymt. this Estimate                             293,485.35