Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-143-10-51  05-348804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  67%          80%                             
05-SB-154-17.9/21.4                    Federal Project:                                 
                                     ACST-P154(16)                                      
                             P-P154(16)                                                 
                                                                                        
Progress payment No. 10            Payment period ending: 05-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01645                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,334,127.58      189,745.54                      
2.a. Extra Work                          89,790.72            0.00                      
  b. Adjustment Comp.                    -2,250.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,421,668.30      189,745.54                      
5. Mobilization                                                                         
6. Total Work Completed    2,421,668.30                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions               -121,083.42       -9,487.28                      
   b. Unsatisfactory Prog.               -9,487.27       -9,487.27                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,281,097.61      170,770.99                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       121,080.00                                                  
12. Net Pymt. this Estimate                             170,770.99