Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          01-214-14-48  08-4281U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
08-RIV-86-R2.4/R10.8                    Federal Project:                                
                                     ACNH-P086(58)                                      
                                                                                        
                                                                                        
Progress payment No. 29            Payment period ending: 06-22-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01212                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      29,276,060.32      196,446.66                      
2.a. Extra Work                       2,912,845.83      207,011.26                      
  b. Adjustment Comp.                  -175,217.76     -388,261.51                      
3. Materials on Hand                          0.00       -6,537.00                      
4. Earned Subject to Retention       32,013,688.39        8,659.41                      
5. Mobilization                         600,342.00            0.00                      
6. Total Work Completed   32,614,030.39                                                 
7. Deductions                            -3,866.25       18,000.00                      
8. a.Contract Retentions             -1,600,251.45            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.       1,600,251.45    1,600,251.45                      
9. Total pay to Contractor           32,610,164.14    1,626,910.86                      
10. Reduction Amt to Escrow          -1,600,250.00   -1,600,250.00                      
11. Payment to Escrow     1,600,250.00                                                  
12. Net Pymt. this Estimate                              26,660.86