Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          03-010-12-18  03-3A21U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  65%          67%                             
03-NEV-80-17.1/28.1                    Federal Project:                                 
                                     ACIM-080-4(169)                                    
                             ACIM-080-4(169)                                            
                                                                                        
Progress payment No. 33            Payment period ending: 12-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01742                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      45,822,171.22       46,648.50                      
2.a. Extra Work                       6,871,658.93       72,527.20                      
  b. Adjustment Comp.                 1,678,795.92       54,166.88                      
3. Materials on Hand                    481,138.88            0.08                      
4. Earned Subject to Retention       54,853,764.95      173,342.66                      
5. Mobilization                       7,500,000.00            0.00                      
6. Total Work Completed   61,872,626.07                                                 
7. Deductions                           -86,633.00            0.00                      
8. a.Contract Retentions             -2,742,688.25       -8,667.14                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           59,524,443.70      164,675.52                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow     2,742,680.00                                                  
12. Net Pymt. this Estimate                             164,675.52