Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          03-322-13-12  10-0J2504                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
10-SJ-99-36.3/38.5                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 10-02-03                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         661,183.88            0.00                      
2.a. Extra Work                           9,267.85            0.00                      
  b. Adjustment Comp.                    -5,475.07            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          664,976.66            0.00                      
5. Mobilization                                                                         
6. Total Work Completed      664,976.66                                                 
7. Deductions                                 0.00       10,000.00                      
8. a.Contract Retentions                -26,509.45            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          26,509.45            0.00                      
9. Total pay to Contractor              664,976.66       10,000.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              10,000.00