Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          01-319-09-09  06-343604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-FRE-33-16.7/22.2                    Federal Project:                                 
                                     ACST-P033(50)                                      
                             P-P033(50)                                                 
                                                                                        
Progress payment No. 07            Payment period ending: 09-13-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01660                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       4,347,723.62       29,287.50                      
2.a. Extra Work                          85,131.33       31,075.65                      
  b. Adjustment Comp.                   -52,615.22      -52,615.22                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        4,380,239.73        7,747.93                      
5. Mobilization                                                                         
6. Total Work Completed    4,380,239.73                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -218,624.59            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         218,624.59      218,624.59                      
9. Total pay to Contractor            4,380,239.73      226,372.52                      
10. Reduction Amt to Escrow            -218,620.00     -218,620.00                      
11. Payment to Escrow       218,620.00                                                  
12. Net Pymt. this Estimate                               7,752.52