Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          02-116-10-22  05-486804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
05-SLO-229-0.0/9.2                    Federal Project:                                  
                                     ACST-S229(1)                                       
                             P-S229(1)                                                  
                                                                                        
Progress payment No. 09            Payment period ending: 11-08-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         780,984.98            0.00                      
2.a. Extra Work                         102,294.66            0.00                      
  b. Adjustment Comp.                   -40,400.00            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          842,879.64            0.00                      
5. Mobilization                                                                         
6. Total Work Completed      842,879.64                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -34,980.05            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          34,980.05            0.00                      
9. Total pay to Contractor              842,879.64            0.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                   0.00