Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-233-14-54  05-0F0304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
05-SLO-5719                    Federal Project:                                         
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            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.         229,095.73       83,285.65                      
2.a. Extra Work                             288.52          288.52                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          229,384.25       83,574.17                      
5. Mobilization                                                                         
6. Total Work Completed      229,384.25                                                 
7. Deductions                            -8,328.56       -8,328.56                      
8. a.Contract Retentions                -11,469.21       -4,178.71                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              209,586.48       71,066.90                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              71,066.90