Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-171-07-04  07-1150U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 PEP        SAT                                
07-LA-138-43.4/51.9                    Federal Project:                                 
                                     ACNH-P138(26)                                      
                                                                                        
                                                                                        
Progress payment No. 15            Payment period ending: 06-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE  CA 950775085                                                               
                                                                                        
                                                                                        
Escrow No.  01635                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       6,455,027.98       61,950.00                      
2.a. Extra Work                         393,674.75       57,258.10                      
  b. Adjustment Comp.                    10,070.44      -21,014.28                      
3. Materials on Hand                          0.00      -58,327.40                      
4. Earned Subject to Retention        6,858,773.17       39,866.42                      
5. Mobilization                         702,886.00            0.00                      
6. Total Work Completed    7,561,659.17                                                 
7. Deductions                           -10,000.00            0.00                      
8. a.Contract Retentions               -342,938.66       -1,993.32                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            7,208,720.51       37,873.10                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       342,930.00                                                  
12. Net Pymt. this Estimate                              37,873.10