Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-263-11-15  04-250404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  90%          93%                             
04-SCL-101-31.2/33.5                    Federal Project:                                
                                     ACNH-P101(955)                                     
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 09-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01741                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,833,132.96      243,417.08                      
2.a. Extra Work                          26,225.22       26,225.22                      
  b. Adjustment Comp.                   -10,000.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,849,358.18      269,642.30                      
5. Mobilization                                                                         
6. Total Work Completed    1,849,358.18                                                 
7. Deductions                           -15,895.98       -2,700.42                      
8. a.Contract Retentions                -92,467.91      -13,482.12                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,740,994.29      253,459.76                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        92,460.00                                                  
12. Net Pymt. this Estimate                             253,459.76