Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          02-113-13-11  11-1993U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  92%          70%                             
11-IMP-111-R8.0/R12.9                    Federal Project:                               
                                     ACNH-P111(60)                                      
                                                                                        
                                                                                        
Progress payment No. 20            Payment period ending: 04-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01646                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      14,700,367.01      590,704.67                      
2.a. Extra Work                         132,765.14       35,877.89                      
  b. Adjustment Comp.                   -81,142.96       -1,617.96                      
3. Materials on Hand                    253,843.93       47,136.14                      
4. Earned Subject to Retention       15,005,833.12      672,100.74                      
5. Mobilization                         374,061.00            0.00                      
6. Total Work Completed   15,126,050.19                                                 
7. Deductions                          -312,224.43     -145,599.75                      
8. a.Contract Retentions               -750,291.66      -33,605.04                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           14,317,378.03      492,895.95                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       600,000.00                                                  
12. Net Pymt. this Estimate                             492,895.95