Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          01-248-14-33  05-348804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  92%         100%                             
05-SB-154-17.9/21.4                    Federal Project:                                 
                                     ACST-P154(16)                                      
                             P-P154(16)                                                 
                                                                                        
Progress payment No. 14            Payment period ending: 08-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01645                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,402,385.25            0.00                      
2.a. Extra Work                         225,084.15      102,920.35                      
  b. Adjustment Comp.                    -6,338.14            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,621,131.26      102,920.35                      
5. Mobilization                                                                         
6. Total Work Completed    3,621,131.26                                                 
7. Deductions                           -30,000.00            0.00                      
8. a.Contract Retentions               -181,056.56       -5,146.01                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,410,074.70       97,774.34                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       125,000.00                                                  
12. Net Pymt. this Estimate                              97,774.34