What Codaray Construction does

Codaray Construction, LLC is a commercial general contractor founded in 2017 and headquartered in Hattiesburg, Mississippi, with additional offices in Ridgeland, MS and Houston, TX. The company operates as a portfolio entity within Jones Companies (Jones Capital) and is led by Matt Pace, great-grandson of the Pace family behind the 1959-founded Hub Sheet Metal and Roofing business. Codaray delivers construction services across Mississippi and the southeast US with a project portfolio spanning healthcare, education, industrial and distribution, government, corporate, athletics, mission-critical, historic preservation, religious, and retail/restaurant sectors. Named institutional customers include UMMC, the Universities of Southern Mississippi and Mississippi State, Petal Elementary, Camp Shelby, National Guard, Berkshire Hathaway's Garan, Cadence Bank, BankPlus, and AT&T. Project sizes range from small tenant improvements (~1,250 SF) to large institutional builds (142,560 SF Dorman Hall, 134,000 SF UMMC Colony Park, 125,000 SF Lanter distribution facility).

Codaray offers multiple project delivery methods to match client requirements: Construction Manager at Risk (CMAR) with Guaranteed Maximum Price (GMP) contracting, Design-Build with integrated design and construction under one contract, Construction Manager as Advisor (CMa) for institutional advocacy without holding trade contracts, traditional General Construction, and Pre-Construction Services for early-phase planning. A Commercial Services Division handles renovations, minor repairs, and maintenance for existing clients, providing recurring engagement. Underlying technology consists entirely of industry-standard tools rather than proprietary platforms: Procore for project management, Bluebeam for document review and estimating, Trimble and DJI for surveying and drone imaging, Autodesk Revit/AutoCAD/Civil 3D/Infraworks for BIM and design, Matterport for 3D capture, Proest for estimating, and Acumatica for ERP/finance. Safety credentials include ABC STEP Platinum (national), ABC Mississippi STEP Gold, Avetta certification, and a 35-course internal safety training program under a dedicated Safety Director.

Codaray generates revenue through custom project-based pricing with no publicly disclosed rate cards or tiering. Each project is quoted individually based on scope, specifications, location, and delivery method, with billing tied to project milestones over multi-year contract durations. The commercial model combines traditional general contracting (one-time project revenue) with professional services revenue from CMAR, CMa, and pre-construction engagements. Go-to-market is enterprise field sales direct to institutional, government, healthcare, education, and corporate clients across Mississippi and the southeast, supplemented by relationship-based repeat business, public-relations coverage in regional business journals, and thought-leadership content marketing. Customer testimonials from Columbia School District, USM, Delta Gamma House Corporation, and Mississippi State athletics indicate strong referral-driven demand within the institutional segment.

Name

Codaray Construction

Legal name

Codaray Construction, LLC

Website

https://codaray.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Codaray Construction is a Mississippi-headquartered commercial general contractor offering Design-Build, CMAR, CMa, and general construction services across healthcare, education, government, industrial, and corporate sectors in the southeast US, backed by Jones Capital.

Ownership category

akta.pro rank

Product category

Commercial General Contracting

NAICS

Commercial and Institutional Building Construction (23622), Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (236220)

SIC

General Bldg Contractors - Nonresidential Bldgs (1540), Operative Builders (1531)

akta.pro primary industry

Commercial General Contracting (New Build) (IMAFAAAA)

akta.pro secondary industry

Construction Management (Agency/Owner’s Rep) (IMAFAAAC)

Keywords

• Commercial general contracting
• Design-build construction
• Construction management services
• Construction manager at risk
• Pre-construction planning

Headquarters

HQ city

Hattiesburg

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. General Construction Services: Traditional general contracting services for commercial construction projects including ground-up construction, renovations, and tenant improvements across healthcare, education, industrial, retail, and institutional sectors.
2. Construction Manager at Risk (CMAR): CMAR delivery model with Guaranteed Maximum Price contracting, providing preconstruction services followed by construction management with cost certainty and single-point accountability.
3. Construction Manager as Advisor (CMa): Advisory services for institutional clients providing construction expertise, oversight, and project management without direct construction execution.
4. Design-Build: Integrated design and construction services under single contract, offering accelerated delivery and streamlined project execution.
5. Pre-Construction Services: Early-stage planning, budgeting, site selection, and constructability analysis to prepare clients for successful construction projects.
6. Commercial Services: Ongoing commercial construction services for routine projects, minor repairs, and maintenance for existing clients familiar with Codaray.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Codaray Construction is a commercial general contractor delivering construction management, pre-construction, design-build, construction manager at risk (CMAR), construction manager as advisor (CMa), general construction, and commercial services for healthcare, education, industrial, government, corporate, and athletic clients across Mississippi and the southeast United States. Each project is quoted individually based on scope, specifications, and delivery method, with projects ranging from 1,250 SF tenant improvements to 142,560 SF institutional facilities.

Product overview

Codaray Construction operates as a commercial general contracting company offering multiple service delivery models and construction services. The core offerings include Design-Build (integrated design and construction under single contract), CMAR (Construction Manager at Risk with Guaranteed Maximum Price), and CMa (Construction Manager as Advisor for institutional clients). Supporting these are General Construction services for ground-up and renovation projects, Pre-Construction Services for early planning, and a Commercial Services division handling renovations, repairs, and maintenance for existing clients. The company utilizes construction technology tools including Procore, Bluebeam, Autodesk Revit, and Matterport to deliver projects across Mississippi and the southeast region.

Differentiator

Problem solved

Functional benefit

Products and services

• Construction Manager at Risk (CMAR) A delivery model where Codaray enters a contractual agreement to deliver commercial construction projects at a Guaranteed Maximum Price (GMP), providing preconstruction services during design and full construction management once construction begins, holding trade contracts and coordinating all field operations with end-to-end accountability for schedule, cost, and quality.
• Construction Manager as Advisor (CMa) An advisory service where Codaray serves as an independent advocate for institutional owners throughout design and construction, offering expert guidance on budgeting, scheduling, and constructability without holding trade contracts, helping owners make informed decisions while maintaining vendor-neutrality.
• Design-Build A streamlined project delivery method where Codaray manages both design and construction through a single contract, integrating design and construction into a unified collaborative process with early contractor involvement to fast-track schedules, reduce costs, and provide single-source accountability.
• Construction Management Full-service construction project oversight from conception to ribbon cutting, utilizing specialized project management techniques to oversee planning and construction in their entirety across commercial sectors.
• General Construction Comprehensive construction services spanning ground-up structures, historic renovations, and corporate tenant improvements, with management of all day-to-day jobsite operations.
• Pre-Construction Services Early-phase services including scope determination, site selection, master site planning, and budget development to analyze and identify hidden issues and potential obstacles before construction begins.
• Commercial Services A specialty division focused on serving existing clients with specialty projects, commercial renovations, minor repairs, and maintenance, leveraging familiarity with client facilities and building history for cost-effective service delivery.

Quantifiable outcome

• Accelerated project delivery through Design-Build overlapping phases
• +2 more outcomes

Named customers17 records

Segments11 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature3 records

Partnerships

Four partnerships are on record, tiered minor.

• Jones LogisticsminorOthersJones Logistics is a sister company under the Jones portfolio. Codaray collaborated with Jones Logistics on community service projects including The Arc Southeast Mississippi initiative.
• Jones PowerminorOthersJones Power is a sister company under the Jones portfolio. Codaray collaborated with Jones Power on community service projects including The Arc Southeast Mississippi initiative.
• Jones LumberminorOthersJones Lumber is a sister company under the Jones portfolio. Codaray collaborated with Jones Lumber on community service projects including The Arc Southeast Mississippi initiative.
• The Arc Southeast MississippiminorOthersNon-profit organization serving individuals with intellectual and developmental disabilities. Codaray and other Jones portfolio companies provided facility maintenance and minor construction repairs for the organization's campus.

Scale indicators4 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Robins & Morton: Alabama-based general contractor with strong healthcare and institutional focus across the Southeast. Highly comparable to Codaray's healthcare and CMAR delivery model.
• Hoar Construction: Birmingham, AL-based commercial GC operating across the Southeast with comparable healthcare, education, corporate, and government project work and CMAR delivery expertise.
• Brasfield & Gorrie: One of the largest privately held general contractors in the Southeast, headquartered in Birmingham, AL. Directly comparable to Codaray across healthcare, education, commercial, and industrial construction in the same regional footprint.
• Harkins Builders: Mid-Atlantic regional GC with comparable healthcare, education, and multi-family commercial delivery and CMAR expertise, useful as a like-for-like privately held peer benchmark.
• B.L. Harbert International: Birmingham-based GC with US and international operations delivering commercial, institutional, and government construction. Comparable in scope, geography, and delivery model mix to Codaray.

Broad incumbents

• DPR Construction: National, tech-forward GC with strong healthcare, higher-education, and mission-critical practices. Comparable to Codaray on delivery methods and technology-enabled project execution.
• Gilbane Building Company: National private GC with deep education, healthcare, and government portfolios and strong CMAR practice. Comparable to Codaray in delivery breadth and institutional client focus.
• The Whiting-Turner Contracting Company: Large national GC with broad healthcare, education, and commercial portfolios operating across the Southeast. Provides a comparable multi-delivery (CMAR, Design-Build, GMP) model at greater scale.

Regional players

• Yates Construction: Mississippi-headquartered GC with strong Southeast presence across industrial, commercial, and institutional markets. Highly comparable geographically and by service mix.
• T. W. Frierson Contractor: Nashville-based commercial GC operating across the Southeast with comparable healthcare, education, and corporate project work. Direct regional competitor for institutional clients.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/Codaray
• LinkedInlinkedin.com/company/codaray-construction
• Instagraminstagram.com/codarayconstruction

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Codaray Construction