Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-143-10-31  08-434804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%          97%                             
08-RIV-10-R144.1/R156.5                    Federal Project:                             
                                     ACIM-010-5(44)                                     
                             ACIM-010-5(44)                                             
                                                                                        
Progress payment No. 17            Payment period ending: 05-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01722                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       8,265,980.41      447,802.55                      
2.a. Extra Work                         641,752.67       91,137.32                      
  b. Adjustment Comp.                   336,281.44      -22,423.43                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        9,244,014.52      516,516.44                      
5. Mobilization                         851,854.00            0.00                      
6. Total Work Completed   10,095,868.52                                                 
7. Deductions                           -27,575.01            0.00                      
8. a.Contract Retentions               -462,200.73      -25,825.83                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            9,606,092.78      490,690.61                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       462,200.00                                                  
12. Net Pymt. this Estimate                             490,690.61