Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          02-042-08-35  11-1993U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  69%          60%                             
11-IMP-111-R8.0/R12.9                    Federal Project:                               
                                     ACNH-P111(60)                                      
                                                                                        
                                                                                        
Progress payment No. 17            Payment period ending: 01-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01646                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      10,984,812.04      142,760.82                      
2.a. Extra Work                          66,579.27        1,686.49                      
  b. Adjustment Comp.                   -68,675.17         -127.80                      
3. Materials on Hand                    277,313.06            0.00                      
4. Earned Subject to Retention       11,260,029.20      144,319.51                      
5. Mobilization                         374,061.00            0.00                      
6. Total Work Completed   11,356,777.14                                                 
7. Deductions                          -124,249.45      -30,409.20                      
8. a.Contract Retentions               -563,001.46       -7,215.98                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           10,946,839.29      106,694.33                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       450,000.00                                                  
12. Net Pymt. this Estimate                             106,694.33