Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          04-198-08-50  08-0C9904                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
08-RIV-86-R10.5/R11.5                    Federal Project:                               
                                     ACST-X065(82)                                      
                             PHG-X065(82)                                               
                                                                                        
Progress payment No. 04            Payment period ending: 04-08-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         661,482.51            0.00                      
2.a. Extra Work                           6,213.39        1,429.84                      
  b. Adjustment Comp.                   -14,662.03            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          653,033.87        1,429.84                      
5. Mobilization                          80,346.00            0.00                      
6. Total Work Completed      733,379.87                                                 
7. Deductions                                 0.00       15,000.00                      
8. a.Contract Retentions                -26,366.45            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          26,366.45            0.00                      
9. Total pay to Contractor              733,379.87       16,429.84                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              16,429.84