EXHIBIT 21

            LIST OF SUBSIDIARIES OF GRANITE CONSTRUCTION INCORPORATED



                                    State of              Name Under Which
Subsidiary                          Incorporation         Subsidiary Does Business
----------                          -------------         ------------------------
                                                    
Granite Construction Company        California            Granite Construction Company

GILC Incorporated                   California            GILC Incorporated

Granite Halmar Construction         New York              Granite Halmar Construction
Company, Inc.                                             Company, Inc.