Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-233-14-07  09-284604                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  87%          52%                             
09-MNO-203-4.8/8.7                    Federal Project:                                  
                                     ACST-P203(9)                                       
                             P-P203(9)                                                  
                                                                                        
Progress payment No. 04            Payment period ending: 08-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       3,253,611.70    1,824,229.70                      
2.a. Extra Work                                                                         
  b. Adjustment Comp.                    -6,859.96       -6,859.96                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        3,246,751.74    1,817,369.74                      
5. Mobilization                         361,809.00       18,090.45                      
6. Total Work Completed    3,608,560.74                                                 
7. Deductions                           -10,000.00      -10,000.00                      
8. a.Contract Retentions               -162,337.59      -87,380.79                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            3,436,223.15    1,738,079.40                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                           1,738,079.40