McDonough Bolyard Peck, Inc. (MBP) Company Profile

Background

McDonough Bolyard Peck, Inc. (MBP) is a privately held construction management consulting firm established in 1989 by Frank McDonough, Charles Bolyard, and Blake Peck. Headquartered in Fairfax, Virginia, MBP specializes in providing comprehensive construction management services, including cost estimating, value engineering, constructability review, CPM scheduling, inspection, building information modeling, and facilities management. The firm serves both private and governmental clients across various sectors, such as transportation, building, plant, environmental, and utilities projects. MBP is recognized as a Top 100 construction management firm and a Top 50 program management firm by Engineering News-Record.

Key Strategic Focus

MBP's strategic focus centers on delivering tailored, data-driven solutions that align with clients' goals and enhance project performance. The firm's core objectives include mitigating risks, maximizing value, and ensuring successful project outcomes from concept to completion. MBP specializes in construction management, program management, commissioning, cost estimating, constructability review, CPM scheduling, inspection, building information modeling, and facilities management. The company targets a diverse range of markets, including transportation infrastructure, educational facilities, healthcare, and government projects.

Financials and Funding

As a privately held company, MBP does not publicly disclose detailed financial information. However, estimates suggest that the firm generates annual revenues between $5 million and $25 million. In 2010, MBP expanded its operations by opening a new office in Tampa, Florida, marking a significant step in its strategic growth. In 2020, the company announced an ownership transition, with founders Charles E. Bolyard and Blake V. Peck stepping back from ownership positions while remaining involved in operations.

Pipeline Development

MBP's project portfolio includes a wide array of completed and ongoing projects across various sectors. Notable projects include:

Airports: Dulles International Airport (Virginia), Raleigh-Durham International Airport (North Carolina), and USCG Elizabeth City Airport (North Carolina).

Federal Projects: United States Capitol Visitor Center (Washington, D.C.), National Geospatial-Intelligence Agency Headquarters (Virginia), and Virginia State University Arena (Virginia).

Judicial Facilities: Arlington County Courthouse and Police Facility (Virginia), Fairfax County Courthouse Expansion (Virginia), and Maricopa County Jail (Arizona).

Educational Institutions: Washington-Lee High School (Virginia), Kettle Run Elementary School (Virginia), and Patterson Elementary School (Washington, D.C.).

Office and Mixed-Use Developments: Liberty Place II (Pennsylvania), Jefferson at Penn Quarter (Washington, D.C.), and Harbor Point West Condominiums (Virginia).

Heavy Industrial Projects: Johnstown Channel Rehabilitation (Pennsylvania).

Transportation Infrastructure: Springfield Interchange (Virginia), I-64 Battlefield Boulevard Reconstruction (Virginia), Dulles Corridor Metrorail Project, Silver Line (Virginia), and I-264 Military Highway Interchange (Virginia).

International Projects: U.S. Embassy (Kampala, Uganda), World Bank Country Office (Dhaka, Bangladesh), Ertan Dam (Sichuan, China), Sarlux IGCC Power Plant (Sarroch, Italy), and Nathpa Jhakri Hydro-Electric Project (Himachal Pradesh, India).

These projects highlight MBP's extensive experience and capability in managing complex construction initiatives across diverse sectors and geographies.

Technological Platform and Innovation

MBP leverages several proprietary technologies and scientific methodologies to enhance project delivery and risk management:

Building Information Modeling (BIM): Utilized to create detailed digital representations of physical and functional characteristics of facilities, improving collaboration and decision-making throughout the project lifecycle.

Cost Estimating and Value Engineering: Employs advanced cost estimation techniques and value engineering principles to optimize project budgets and identify cost-saving opportunities without compromising quality.

Constructability Review and CPM Scheduling: Conducts thorough constructability reviews and utilizes Critical Path Method (CPM) scheduling to ensure efficient project execution and timely completion.

Inspection and Facilities Management: Provides comprehensive inspection services and facilities management solutions to ensure compliance with standards and maintain operational efficiency post-construction.

These technological platforms and methodologies enable MBP to deliver high-quality, efficient, and cost-effective construction management services.

Leadership Team

MBP's leadership team comprises experienced professionals dedicated to the firm's mission and values:

Christopher J. Payne: President and Chief Executive Officer.

Blake V. Peck, P.E., CCM: Chief Operating Officer.

Charles E. Bolyard, Jr., CCM, PSP, CFCC: Chairman Emeritus.

In 2020, MBP announced an ownership transition, with Bolyard and Peck stepping back from ownership positions while continuing to contribute to the company's operations and strategic direction.

Competitor Profile

MBP operates in a competitive landscape with several firms offering similar construction management and consulting services. Notable competitors include:

Hill International, Inc.: A publicly traded company with a workforce of 1,000 to 5,000 employees and annual revenues of approximately $369.4 million.

Markon: A privately held firm specializing in construction consulting, with 100 to 250 employees and annual revenues of around $34.2 million.

MGAC: A privately held company offering program management services, employing 100 to 250 individuals and generating about $27 million in annual revenues.

These competitors, among others, contribute to a dynamic and evolving market for construction management and consulting services.

Strategic Collaborations and Partnerships

MBP has engaged in strategic collaborations to enhance its service offerings and market presence:

Acquisition of FAI Construction Consultants: In 2010, MBP acquired FAI Construction Consultants, a New York-based firm, to strengthen its presence in the Northeast construction market.

Expansion into Florida: In 2010, MBP opened an office in Tampa, Florida, marking a significant step in its strategic growth and service diversification.

Operational Insights

MBP's operational strategy emphasizes risk mitigation, value optimization, and client satisfaction. The firm's diverse project portfolio and strategic expansions reflect its commitment to adapting to market demands and enhancing its competitive position. By leveraging technological innovations and maintaining a client-centric approach, MBP continues to deliver high-quality construction management services across various sectors.

Strategic Opportunities and Future Directions

Looking ahead, MBP aims to:

Expand Service Offerings: By integrating new technologies and methodologies to enhance project delivery and client value.

Strengthen Market Presence: Through strategic acquisitions and establishing offices in key geographic regions.

Foster Innovation: By investing in research and development to stay at the forefront of construction management practices.

These strategic initiatives position MBP to continue its growth trajectory and maintain its reputation as a leading construction management consulting firm.