Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          05-034-10-17  10-0J0004                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
10-SJ-99-22.9/28.6                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 04            Payment period ending: 09-03-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       1,035,781.45            0.00                      
2.a. Extra Work                          46,583.11            0.00                      
  b. Adjustment Comp.                   -63,233.46            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        1,019,131.10            0.00                      
5. Mobilization                                                                         
6. Total Work Completed    1,019,131.10                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -40,342.76            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          40,342.76            0.00                      
9. Total pay to Contractor            1,019,131.10            0.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                   0.00