Dept. of Trans.       SEMI-FINAL   Serial No.  Contract No.                             
                                          02-080-12-49  10-1A46U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
10-MER-140-35.8/37.0                    Federal Project:                                
                                     ACNH-P140(26)                                      
                                                                                        
                                                                                        
Progress payment No. 08            Payment period ending: 01-10-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       2,052,633.58       28,131.45                      
2.a. Extra Work                          41,044.86        9,891.41                      
  b. Adjustment Comp.                   381,533.12       -4,785.63                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        2,475,211.56       33,237.23                      
5. Mobilization                                                                         
6. Total Work Completed    2,475,211.56                                                 
7. Deductions                                 0.00       20,488.30                      
8. a.Contract Retentions               -102,113.50            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         102,113.50            0.00                      
9. Total pay to Contractor            2,475,211.56       53,725.53                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              53,725.53