Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          05-025-07-32  05-487714                       
                                          05-026-13-01  07-4J8504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  39%          28%                             
Location:                                  72%         100%                             
05-SB-225-0.0/4.6                    Federal Project:                                   
07-VEN-23-9.4/22.6                    Federal Project:                                  
07-VEN-118-18.4/32.6                                     1498-023                       
                                     ACST-S225(3)                                       
                             P-S225(3)                                                  
                                                                                        
                                                                                        
                                                                                        
Progress payment No. 11            Payment period ending: 01-20-05                      
Progress payment No. 03            Payment period ending: 01-20-05                      
GRANITE CONSTRUCTION COMPANY                                                            
DIETZ HYDROSEEDING COMPANY                                                              
P O BOX 50085                                                                           
15745 KADOTA ST                                                                         
WATSONVILLE CA 950775085                                                                
SYLMAR, CA 91342                                                                        
                                                                                        
                                                                                        
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,497,646.87      528,843.14                      
1. Contract Itms Without Mobil.          15,000.00            0.00                      
2.a. Extra Work                                                                         
2.a. Extra Work                         708,869.08       33,697.41                      
  b. Adjustment Comp.                                                                   
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,497,646.87      528,843.14                      
4. Earned Subject to Retention          723,869.08       33,697.41                      
5. Mobilization                                                                         
5. Mobilization                         565,725.00      119,100.00                      
6. Total Work Completed    2,063,371.87                                                 
6. Total Work Completed      723,869.08                                                 
7. Deductions                           -64,662.31      -13,481.54                      
7. Deductions                                                                           
8. a.Contract Retentions                                                                
8. a.Contract Retentions                -36,193.45       -1,684.87                      
   b. Unsatisfactory Prog.                                                              
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            1,998,709.56      634,461.60                      
9. Total pay to Contractor              687,675.63       32,012.54                      
10. Reduction Amt to Escrow                                                             
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             634,461.60                      
12. Net Pymt. this Estimate                              32,012.54