Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          05-119-07-42  05-0G8704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SB-101-28.0/36.0                    Federal Project:                                 
                                     ACNH-Q101(32)                                      
                                                                                        
                                                                                        
Progress payment No. 09            Payment period ending: 11-23-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,151,599.26            0.00                      
2.a. Extra Work                         218,422.98       19,903.96                      
  b. Adjustment Comp.                    84,752.03       -1,776.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,454,774.27       18,127.96                      
5. Mobilization                                                                         
6. Total Work Completed    3,454,774.27                                                 
7. Deductions                           -18,000.00            0.00                      
8. a.Contract Retentions                                                                
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,436,774.27       18,127.96                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              18,127.96