Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-233-12-57  05-430904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  92%         160%                             
05-MON-101-R88.5/R90.2                    Federal Project:                              
                                     ACST-P101(965)                                     
                             PHG-P101(965)                                              
                                                                                        
Progress payment No. 05            Payment period ending: 08-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01736                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         861,124.25       27,295.80                      
2.a. Extra Work                           1,000.00            0.00                      
  b. Adjustment Comp.                     1,965.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          864,089.25       27,295.80                      
5. Mobilization                                                                         
6. Total Work Completed      864,089.25                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions                -43,204.46       -1,364.79                      
   b. Unsatisfactory Prog.               -1,364.79       -1,364.79                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              809,520.00       24,566.22                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        43,200.00                                                  
12. Net Pymt. this Estimate                              24,566.22