Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          05-139-12-46  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. 73            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.      79,205,778.49      178,726.65                      
2.a. Extra Work                      14,554,765.50       14,486.57                      
  b. Adjustment Comp.                 3,432,159.67            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       97,192,703.66      193,213.22                      
5. Mobilization                       7,500,000.00            0.00                      
6. Total Work Completed  104,692,703.66                                                 
7. Deductions                          -149,043.54       26,000.00                      
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          104,543,660.12      219,213.22                      
10. Reduction Amt to Escrow          -4,500,000.00            0.00                      
11. Payment to Escrow     4,500,000.00                                                  
12. Net Pymt. this Estimate                             219,213.22