Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-056-10-17  05-348804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
05-SB-154-17.9/21.4                    Federal Project:                                 
                                     ACST-P154(16)                                      
                             P-P154(16)                                                 
                                                                                        
Progress payment No. 20            Payment period ending: 02-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01645                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,414,924.70        1,669.20                      
2.a. Extra Work                         520,384.00        2,741.10                      
  b. Adjustment Comp.                    -6,338.14            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,928,970.56        4,410.30                      
5. Mobilization                                                                         
6. Total Work Completed    3,928,970.56                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions               -196,448.53         -220.52                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,722,522.03        4,189.78                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       196,220.00                                                  
12. Net Pymt. this Estimate                               4,189.78