Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          04-293-15-02  03-3A21U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
03-NEV-80-17.1/28.1                    Federal Project:                                 
                                     ACIM-080-4(169)                                    
                             ACIM-080-4(169)                                            
                                                                                        
Progress payment No. 67            Payment period ending: 09-14-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01742                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      78,383,657.57       36,524.98                      
2.a. Extra Work                      13,255,182.87      155,761.54                      
  b. Adjustment Comp.                 2,326,320.40      -95,636.84                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       93,965,160.84       96,649.68                      
5. Mobilization                       7,500,000.00            0.00                      
6. Total Work Completed  101,465,160.84                                                 
7. Deductions                          -417,753.54            0.00                      
8. a.Contract Retentions             -4,670,331.00            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.       4,670,331.00            0.00                      
9. Total pay to Contractor          101,047,407.30       96,649.68                      
10. Reduction Amt to Escrow          -4,500,000.00            0.00                      
11. Payment to Escrow     4,500,000.00                                                  
12. Net Pymt. this Estimate                              96,649.68