Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          02-162-17-14  04-250404                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
04-SCL-101-31.2/33.5                    Federal Project:                                
                                     ACNH-P101(955)                                     
                                                                                        
                                                                                        
Progress payment No. 09            Payment period ending: 10-31-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01741                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,915,984.95            0.00                      
2.a. Extra Work                          49,302.94            0.00                      
  b. Adjustment Comp.                   -15,999.28          928.63                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,949,288.61          928.63                      
5. Mobilization                                                                         
6. Total Work Completed    1,949,288.61                                                 
7. Deductions                           -15,895.98            0.00                      
8. a.Contract Retentions                -93,608.14            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          93,608.14            0.00                      
9. Total pay to Contractor            1,933,392.63          928.63                      
10. Reduction Amt to Escrow             -93,600.00            0.00                      
11. Payment to Escrow        93,600.00                                                  
12. Net Pymt. this Estimate                                 928.63