Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          00-298-08-15  06-389504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  70%          66%                             
06-KER-58-R101.5/R107.7                    Federal Project:                             
                                     ACNH-P058(80)                                      
                                                                                        
                                                                                        
Progress payment No. 08            Payment period ending: 10-20-00                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01411                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,183,323.08    1,838,351.44                      
2.a. Extra Work                         133,050.16        4,597.37                      
  b. Adjustment Comp.                    52,361.39      -19,371.03                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        6,368,734.63    1,823,577.78                      
5. Mobilization                                                                         
6. Total Work Completed    6,368,734.63                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions               -318,436.73      -91,178.89                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            6,040,297.90    1,732,398.89                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       220,000.00                                                  
12. Net Pymt. this Estimate                           1,732,398.89