Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-171-12-53  05-4610U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
05-SB-246-26.1/ .0                    Federal Project:                                  
                                     ACST-P246(14)                                      
                             P-P246(14)                                                 
                             STPE-P246(14)                                              
Progress payment No. 08            Payment period ending: 06-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,096,343.74          570.00                      
2.a. Extra Work                          46,786.00       21,228.60                      
  b. Adjustment Comp.                      -487.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,142,642.74       21,798.60                      
5. Mobilization                                                                         
6. Total Work Completed    1,142,642.74                                                 
7. Deductions                           -21,600.00       -1,000.00                      
8. a.Contract Retentions                -57,132.14       -1,089.93                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,063,910.60       19,708.67                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              19,708.67