Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          02-240-07-00  07-1Y1704                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
07-LA-138-2.0/15.0                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 10            Payment period ending: 06-24-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         790,510.44            0.00                      
2.a. Extra Work                         127,465.29        2,415.00                      
  b. Adjustment Comp.                   -11,591.43            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          906,384.30        2,415.00                      
5. Mobilization                                                                         
6. Total Work Completed      906,384.30                                                 
7. Deductions                                 0.00        2,000.00                      
8. a.Contract Retentions                -44,651.11            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          44,651.11            0.00                      
9. Total pay to Contractor              906,384.30        4,415.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                               4,415.00