Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          02-253-12-53  08-434804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
08-RIV-10-R144.1/R156.5                    Federal Project:                             
                                     ACIM-010-5(44)                                     
                             ACIM-010-5(44)                                             
                                                                                        
Progress payment No. 22            Payment period ending: 06-14-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01722                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       8,305,475.41            0.00                      
2.a. Extra Work                         674,032.37            0.00                      
  b. Adjustment Comp.                   365,393.73            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        9,344,901.51            0.00                      
5. Mobilization                         851,854.00            0.00                      
6. Total Work Completed   10,196,755.51                                                 
7. Deductions                           -16,575.01       10,000.00                      
8. a.Contract Retentions               -465,733.58            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         465,733.58            0.00                      
9. Total pay to Contractor           10,180,180.50       10,000.00                      
10. Reduction Amt to Escrow            -465,730.00            0.00                      
11. Payment to Escrow       465,730.00                                                  
12. Net Pymt. this Estimate                              10,000.00