Dept. of Trans.       FINAL   Serial No.  Contract No.                                  
                                          03-006-12-06  11-237024                       
                PROGRESS PAYMENT VOUCHER  %complete:   %time:                           
Location:                                 100%         100%                             
11-SD-8-R34.0/R34.7                    Federal Project:                                 
                                     NONE                                               
                                                                                        
                                                                                        
Progress payment No. 05            Payment period ending: 09-25-02                      
GRANITE CONSTRUCTION COMPANY                                                            
P O BOX 50085                                                                           
WATSONVILLE  CA 95077                                                                   
                                                                                        
                                                                                        
Escrow No.  00000                                                                       
                                    Total Estimate   This Estimate                      
1. Contract Itms Without Mobil.         536,165.04            0.00                      
2.a. Extra Work                           5,883.87            0.00                      
  b. Adjustment Comp.                    -5,970.68            0.00                      
3. Materials on Hand                                                                    
4. Earned Subject to Retention          536,078.23            0.00                      
5. Mobilization                                                                         
6. Total Work Completed      536,078.23                                                 
7. Deductions                                                                           
8. a.Contract Retentions                -26,808.25            0.00                      
   b. Unsatisfactory Prog.                                                              
   c. Reduction after 95% Comp.          26,808.25            0.00                      
9. Total pay to Contractor              536,078.23            0.00                      
10. Reduction Amt to Escrow                                                             
11. Payment to Escrow             0.00                                                  
12. Net Pymt. this Estimate                                   0.00