Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-081-14-19  11-1993U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  89%          68%                             
11-IMP-111-R8.0/R12.9                    Federal Project:                               
                                     ACNH-P111(60)                                      
                                                                                        
                                                                                        
Progress payment No. 19            Payment period ending: 03-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01646                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      14,109,662.34      267,919.03                      
2.a. Extra Work                          96,887.25       19,886.14                      
  b. Adjustment Comp.                   -79,525.00        4,756.52                      
3. Materials on Hand                    206,707.79            0.00                      
4. Earned Subject to Retention       14,333,732.38      292,561.69                      
5. Mobilization                         374,061.00            0.00                      
6. Total Work Completed   14,501,085.59                                                 
7. Deductions                          -166,624.68      -28,038.25                      
8. a.Contract Retentions               -716,686.62      -14,628.09                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           13,824,482.08      249,895.35                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       600,000.00                                                  
12. Net Pymt. this Estimate                             249,895.35