Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          02-191-14-11  11-176304                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-SD-94-19.4/19.6                    Federal Project:                                  
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 10            Payment period ending: 02-08-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         368,685.12            0.00                      
2.a. Extra Work                          91,929.27         -776.27                      
  b. Adjustment Comp.                                                                   
3. Materials on Hand                                                                    
4. Earned Subject to Retention          460,614.39         -776.27                      
5. Mobilization                          36,000.00            0.00                      
6. Total Work Completed      496,614.39                                                 
7. Deductions                            -6,400.00       31,894.55                      
8. a.Contract Retentions                -18,433.75            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          18,433.75            0.00                      
9. Total pay to Contractor              490,214.39       31,118.28                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              31,118.28