Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          01-191-15-38  04-124454                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
04-ALA-5711                    Federal Project:                                         
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 08            Payment period ending: 05-21-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         421,442.05            0.00                      
2.a. Extra Work                          19,168.05       19,168.05                      
  b. Adjustment Comp.                    -2,233.00       -2,233.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          438,377.10       16,935.05                      
5. Mobilization                                                                         
6. Total Work Completed      438,377.10                                                 
7. Deductions                           -32,076.00            0.00                      
8. a.Contract Retentions                -21,072.10            0.00                      
   b. Unsatisfactory Prog.                    0.00       16,198.08                      
   c. Reduction after 95% Comp.          21,072.10       21,072.10                      
9. Total pay to Contractor              406,301.10       54,205.23                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              54,205.23