Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-171-12-43  08-359014                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  83%          70%                             
08-SBD-62-0.8/9.6                    Federal Project:                                   
                                     ACNH-P062(21)                                      
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 06-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01648                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,472,632.28      280,457.12                      
2.a. Extra Work                          20,827.88        1,650.00                      
  b. Adjustment Comp.                       -75.76          -75.76                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,493,384.40      282,031.36                      
5. Mobilization                         161,315.00            0.00                      
6. Total Work Completed    2,654,699.40                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -124,669.22      -14,101.57                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            2,530,030.18      267,929.79                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow        59,820.00                                                  
12. Net Pymt. this Estimate                             267,929.79