Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          04-343-08-54  07-117104                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
07-LA-14-44.0/R54.5                    Federal Project:                                 
                                     ACNH-P014(52)                                      
                                                                                        
                                                                                        
Progress payment No. 36            Payment period ending: 10-19-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01540                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      22,070,251.30       25,042.00                      
2.a. Extra Work                       1,417,239.31            0.00                      
  b. Adjustment Comp.                   388,985.72      -12,222.80                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       23,876,476.33       12,819.20                      
5. Mobilization                       2,471,000.00            0.00                      
6. Total Work Completed   26,347,476.33                                                 
7. Deductions                           -21,682.24       96,925.00                      
8. a.Contract Retentions             -1,193,182.86            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.       1,193,182.86    1,193,182.86                      
9. Total pay to Contractor           26,325,794.09    1,302,927.06                      
10. Reduction Amt to Escrow          -1,192,980.00   -1,192,980.00                      
11. Payment to Escrow     1,192,980.00                                                  
12. Net Pymt. this Estimate                             109,947.06