Dept. of Trans.       SUPPLEMENTAL   Serial No.  Contract No.                           
                                          02-338-06-58  11-1993U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                  97%         100%                             
11-IMP-111-R8.0/R12.9                    Federal Project:                               
                                     ACNH-P111(60)                                      
                                                                                        
                                                                                        
Progress payment No. 28            Payment period ending: 11-20-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01646                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      15,822,086.27            0.00                      
2.a. Extra Work                         219,644.52        6,709.35                      
  b. Adjustment Comp.                   -63,260.62        4,035.88                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       15,978,470.17       10,745.23                      
5. Mobilization                         374,061.00            0.00                      
6. Total Work Completed   16,352,531.17                                                 
7. Deductions                           -83,270.19       36,212.41                      
8. a.Contract Retentions               -798,923.51         -537.26                      
   b. Unsatisfactory Prog.                 -537.26         -537.26                      
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor           15,469,800.21       45,883.12                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow       798,920.00                                                  
12. Net Pymt. this Estimate                              45,883.12