Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-113-13-28  08-434804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  91%          88%                             
08-RIV-10-R144.1/R156.5                    Federal Project:                             
                                     ACIM-010-5(44)                                     
                             ACIM-010-5(44)                                             
                                                                                        
Progress payment No. 16            Payment period ending: 04-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01722                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       7,818,177.86      220,446.85                      
2.a. Extra Work                         550,615.35       45,929.52                      
  b. Adjustment Comp.                   358,704.87       -3,812.91                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        8,727,498.08      262,563.46                      
5. Mobilization                         851,854.00            0.00                      
6. Total Work Completed    9,579,352.08                                                 
7. Deductions                           -27,575.01            0.00                      
8. a.Contract Retentions               -436,374.90      -13,128.17                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            9,115,402.17      249,435.29                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       300,000.00                                                  
12. Net Pymt. this Estimate                             249,435.29