Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          04-356-13-37  11-167874                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  93%          89%                             
11-IMP-78-15.3/15.8                    Federal Project:                                 
                                     ACNH-X025(25)                                      
                                                                                        
                                                                                        
Progress payment No. 09            Payment period ending: 12-20-04                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  02190                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.       9,010,208.84      534,766.19                      
2.a. Extra Work                          29,951.97       27,670.01                      
  b. Adjustment Comp.                   103,674.32       -7,142.72                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention        9,143,835.13      555,293.48                      
5. Mobilization                         642,809.00            0.00                      
6. Total Work Completed    9,786,644.13                                                 
7. Deductions                           -41,945.81      -10,000.00                      
8. a.Contract Retentions               -457,191.76      -27,764.68                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor            9,287,506.56      517,528.80                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                             517,528.80