Dept. of Trans.       AFTER ACCEPTANCE   Serial No.  Contract No.                       
                                          03-050-10-27  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. 06            Payment period ending: 01-29-03                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE CA 950775085                                                                
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         836,037.69        9,110.74                      
2.a. Extra Work                           7,234.51          217.06                      
  b. Adjustment Comp.                   -13,498.27           49.25                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          829,773.93        9,377.05                      
5. Mobilization                          84,114.00            0.00                      
6. Total Work Completed      913,887.93                                                 
7. Deductions                           -50,400.00      -30,705.46                      
8. a.Contract Retentions                -41,019.84            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          41,019.84       41,019.84                      
9. Total pay to Contractor              863,487.93       19,691.43                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                              19,691.43