Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-296-13-34  07-117104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%          76%                             
07-LA-14-44.0/R54.5                    Federal Project:                                 
                                     ACNH-P014(52)                                      
                                                                                        
                                                                                        
Progress payment No. 28            Payment period ending: 10-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01540                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      21,859,319.30       26,655.00                      
2.a. Extra Work                       1,211,940.39       43,440.45                      
  b. Adjustment Comp.                   686,644.07      -40,162.31                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       23,757,903.76       29,933.14                      
5. Mobilization                       2,471,000.00            0.00                      
6. Total Work Completed   26,228,903.76                                                 
7. Deductions                          -219,272.74        7,334.50                      
8. a.Contract Retentions             -1,187,895.19       -1,496.66                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           24,821,735.83       35,770.98                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow     1,187,890.00                                                  
12. Net Pymt. this Estimate                              35,770.98