Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          02-163-15-46  03-3A21U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  34%          34%                             
03-NEV-80-17.1/28.1                    Federal Project:                                 
                                     ACIM-080-4(169)                                    
                             ACIM-080-4(169)                                            
                                                                                        
Progress payment No. 20            Payment period ending: 05-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01742                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      22,177,705.35       79,862.00                      
2.a. Extra Work                         928,340.96      293,415.39                      
  b. Adjustment Comp.                   -21,255.29        8,439.75                      
3. Materials on Hand                  1,362,564.23      112,983.00                      
4. Earned Subject to Retention       24,447,355.25      494,700.14                      
5. Mobilization                       7,125,000.00            0.00                      
6. Total Work Completed   30,209,791.02                                                 
7. Deductions                           -37,333.00            0.00                      
8. a.Contract Retentions             -1,591,334.05            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           29,943,688.20      494,700.14                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow     1,591,330.00                                                  
12. Net Pymt. this Estimate                             494,700.14