Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          04-201-13-31  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. 35            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.      15,729,492.40            0.00                      
2.a. Extra Work                         386,322.87            0.00                      
  b. Adjustment Comp.                   -15,265.06            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention       16,100,550.21            0.00                      
5. Mobilization                         374,061.00            0.00                      
6. Total Work Completed   16,474,611.21                                                 
7. Deductions                           -61,870.19            0.00                      
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           16,412,741.02            0.00                      
10. Reduction Amt to Escrow            -798,920.00            0.00                      
11. Payment to Escrow       798,920.00                                                  
12. Net Pymt. this Estimate                                   0.00