Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          01-191-12-56  10-460804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  93%          76%                             
10-SJ-5-10.7/R22.5                    Federal Project:                                  
                                     ACIM-005-6(298)                                    
                             ACIM-005-6(298)                                            
                                                                                        
Progress payment No. 26            Payment period ending: 06-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01477                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      12,741,278.18            0.00                      
2.a. Extra Work                         342,139.98       38,288.25                      
  b. Adjustment Comp.                   986,403.67            0.00                      
3. Materials on Hand                    228,069.16            0.00                      
4. Earned Subject to Retention       14,297,890.99       38,288.25                      
5. Mobilization                                                                         
6. Total Work Completed   14,069,821.83                                                 
7. Deductions                                                                           
8. a.Contract Retentions               -714,894.55       -1,914.41                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           13,582,996.44       36,373.84                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       714,890.00                                                  
12. Net Pymt. this Estimate                              36,373.84