Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-232-13-29  04-0T1024                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  45%          26%                             
04-SOL-12-19.0/19.1                    Federal Project:                                 
                                     NH-P012(88)                                        
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 08-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE, CA 950775085                                                               
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         390,350.83      125,664.76                      
2.a. Extra Work                          17,610.09            0.00                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                     12,993.71            0.00                      
4. Earned Subject to Retention          420,954.63      125,664.76                      
5. Mobilization                          95,000.00            0.00                      
6. Total Work Completed      502,960.92                                                 
7. Deductions                                 0.00       10,000.00                      
8. a.Contract Retentions                -21,047.73         -554.79                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              494,906.90      135,109.97                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             135,109.97