Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          02-343-13-49  05-348804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SB-154-17.9/21.4                    Federal Project:                                 
                                     ACST-P154(16)                                      
                             P-P154(16)                                                 
                                                                                        
Progress payment No. 29            Payment period ending: 08-30-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01645                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,425,565.85            0.00                      
2.a. Extra Work                         562,208.46            0.00                      
  b. Adjustment Comp.                   -20,018.67            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,967,755.64            0.00                      
5. Mobilization                                                                         
6. Total Work Completed    3,967,755.64                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -198,986.98            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         198,986.98            0.00                      
9. Total pay to Contractor            3,967,755.64            0.00                      
10. Reduction Amt to Escrow            -198,690.00            0.00                      
11. Payment to Escrow       198,690.00                                                  
12. Net Pymt. this Estimate                                   0.00