Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          04-026-10-37  07-117104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%         100%                             
07-LA-14-44.0/R54.5                    Federal Project:                                 
                                     ACNH-P014(52)                                      
                                                                                        
                                                                                        
Progress payment No. 30            Payment period ending: 01-20-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01540                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      22,039,924.30      180,605.00                      
2.a. Extra Work                       1,375,528.85      160,500.80                      
  b. Adjustment Comp.                   370,940.36     -315,703.71                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       23,786,393.51       25,402.09                      
5. Mobilization                       2,471,000.00            0.00                      
6. Total Work Completed   26,257,393.51                                                 
7. Deductions                          -116,607.24            0.00                      
8. a.Contract Retentions             -1,189,319.68       -1,270.11                      
   b. Unsatisfactory Prog.               -1,270.10       -1,270.10                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           24,950,196.49       22,861.88                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow     1,189,310.00                                                  
12. Net Pymt. this Estimate                              22,861.88