Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          02-252-13-57  06-452604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
06-FRE-41-R30.4/ .0                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 08-27-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         172,211.36      -10,559.25                      
2.a. Extra Work                           2,219.58          334.43                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          174,430.94      -10,224.82                      
5. Mobilization                                                                         
6. Total Work Completed      174,430.94                                                 
7. Deductions                            -9,721.54       -9,721.54                      
8. a.Contract Retentions                 -9,232.79            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.           9,232.79        9,232.79                      
9. Total pay to Contractor              164,709.40      -10,713.57                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             -10,713.57