Dept. of Trans.       PROGRESS   Serial No.  Contract No.                               
                                          01-141-16-12  11-217804                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-IMP-111-R7.2/T8.1                    Federal Project:                                
                                     ACNH-P111(61)                                      
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 05-20-01                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         826,926.95       20,945.44                      
2.a. Extra Work                           7,017.45        2,236.04                      
  b. Adjustment Comp.                   -13,547.52       -2,076.22                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          820,396.88       21,105.26                      
5. Mobilization                          84,114.00            0.00                      
6. Total Work Completed      904,510.88                                                 
7. Deductions                           -19,694.54       -8,694.54                      
8. a.Contract Retentions                -41,019.84       -1,055.26                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.                                                         
9. Total pay to Contractor              843,796.50       11,355.46                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              11,355.46