Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          03-072-13-40  11-1993U4                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-IMP-111-R8.0/R12.9                    Federal Project:                               
                                     ACNH-P111(60)                                      
                                                                                        
                                                                                        
Progress payment No. 30            Payment period ending: 12-10-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  01646                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.      15,820,614.26        7,653.01                      
2.a. Extra Work                         386,441.34      153,865.00                      
  b. Adjustment Comp.                   -25,131.70       34,149.70                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       16,181,923.90      195,667.71                      
5. Mobilization                         374,061.00            0.00                      
6. Total Work Completed   16,555,984.90                                                 
7. Deductions                          -117,448.28       -3,418.99                      
8. a.Contract Retentions               -798,923.51            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.         798,923.51            0.00                      
9. Total pay to Contractor           16,438,536.62      192,248.72                      
10. Reduction Amt to Escrow            -798,920.00            0.00                      
11. Payment to Escrow       798,920.00                                                  
12. Net Pymt. this Estimate                             192,248.72