checkpointST. LOUIS F A L L 2 0 0 7

Myth #1: McCarthy only does big jobs Even though our national revenue will exceed $2.5 billion in 2007 (over $500m locally), our median jobs are under $6 million and form the backbone of our business. Take a look at the back page of this quarter’s CheckPoint for examples of some smaller projects in the St. Louis region.

Myth #2: McCarthy only works in the st. Louis regionSince the 1950’s we have worked in 48 states and seven foreign countries. Our St. Louis headquarters supports full-service offices in Atlanta, Dallas, Phoenix, Las Vegas, San Diego, Los Angeles, San Francisco and Sacramento. Salaried employees total more than 1500 plus more than 2500 skilled tradespeople on 200 projects.

Myth #3: McCarthy is too busy for my jobSt. Louis has experienced an unprecedented rise in construction in the last two years and the next two years appears to be similar, with non-residential regional volumes far exceeding the 10-year average. This increased volume has forced all good architects/engineers, contractors, subcontractors and suppliers to be more selective with their available resources. This industry growth and related selectivity is the case in most urban areas throughout the nation. If we are the right choice for you and your project, we’ll allocate the resources to get it done.

Myth #4: McCarthy is too big, has too much overhead, and will be too expensive for my project.Our size allows us to have special resources with technical skills and experiences that bring value to our clients and our projects. Our “overhead” is spread out over a large volume (think of Wal-Mart). We also continue to remain active in the hard bid market (it’s more than 25 percent of our work) where low bid wins the project. So please call us on your next project before we call you.

If you have other questions about McCarthy, drop me an e-mail at the address below. I’d love to hear from you.

Karl Kloster — President kkloster@mccarthy.com

The Most Common Misperceptions of McCarthyRight, wrong or indifferent, perception frequently is one’s reality. CheckPoint St. Louis was created to better acquaint the community with the “real” McCarthy and dispel any myths about our company. In past issues, we have introduced our corporate structure, our business units, and some McCarthy leaders. Reader feedback,

although very constructive, has confirmed our suspicions that there are lingering misperceptions about McCarthy in the St. Louis community. Some of the more common are:

Our goal is to be the best builder in America

®

®

Warren Wetter — Controller

Warren joined us last December and replaced 35-year McCarthy veteran Ken Bonastia who retired mid-2007. A graduate of the University of Alberta in Edmonton, Canada, Warren earned a Bachelor of Commerce degree and then a Chartered Accountant degree. His career in construction spans 12 years. After work, his favorite activity is coaching his son’s flag football team.

McCarthy: Did You Know?

McCarthy: Behind The Scenes

vicki Ash — Estimating Assistant

A 26-year veteran of McCarthy’s Estimating Department, Vicki is one of the three support personnel who keep the 30-person department organized. Vicki is known by more of our subs than anybody in the company. She manages the Summer Intern Program (29 college students in 2007) for us and is a voracious volunteer. She’s also an avid scrapbooker.

Kevin Maitland — Safety Director

A 22-year St. Louis construction industry veteran, Kevin graduated from Illinois State University with a bachelor’s degree in Industrial Technology (Safety and Construction). He helped institute jobsite and office safety procedures which have steadily reduced our incident rate over the last 10 years to be among the industry’s best.

george Crow — Quality Assurance Director

A 35-year veteran of the architecture and construction industries, George graduated from Washington University with a bachelor’s degree in Architecture. At McCarthy, he keeps a close eye on quality at our projects, coordinating the building enclosure program and early constructability reviews. He also is deeply involved in our sustainable building practices. In his off hours, George loves to golf and take his grandkids canoeing.

Fred Kern — Shop Yard Manager

Fred is a 30-year McCarthy veteran who rose through the trades and manages a staff of nine in our shop and yard. He expedites materials and labor all over the country, keeps equipment safe and reliable, and is on call 24/7 to fulfill any number of construction-related requests. Fred loves to fish but has no time for it, so he sold his boat. He tinkers with antique farm tractors and enjoys cutting firewood. According to Fred, what he loves the most, is kicking back at the end of the day with his wife Lenny and three dogs Katie, Maggie and Rosie.

jim eaton — Project Director — Healthcare Business Unit

Jim joined McCarthy in 1996. He is a graduate of the University of Illinois where he earned a BS and MS in Architecture and a master’s degree in Civil Engineering. Jim is a key team member in the healthcare business unit, and has developed and implemented initiatives for McCarthy relating to infection control, group purchasing, equipment planning and procurement, and design-build. He is a board member on the Juvenile Diabetes Research Foundation. In his free time it is all about the kids.

Monica bailey — Diversity Director/Administrative Assistant to Midwest Division President

Monica joined McCarthy in 1983 and probably has one of the toughest jobs in the company…keeping Karl Kloster scheduled and informed. Monica also manages McCarthy’s Diversity efforts for the Midwest Division and has instituted a Diversity program which focuses on promoting inclusion in three areas: projects, people and purchasing. Monica’s outside interests are mostly driven by her children, however, she likes to golf and dances in a West African dance troop here in St. Louis.

Ms150 bike RideIn early September, McCarthy once again gathered a team of cyclists to tackle the hills of mid-Missouri and Ride for Ray Myers, our colleague and friend who suffers from MS, in the annual MS150 Bike Ride. We set a goal to increase our 2006 21-member team to 30 riders. Instead, we recruited 34 riders for this year’s event. Our most important goal was to increase fundraising from $38,000 to $60,000. We raised $70,000 for MS. Our California office raised more than $75,000 for this year’s national event.

McCarthy Charity golf tournament After riding for two days, many of the cyclists got up on Monday morning to play 18 with their favorite clients and subcontractors in the annual McCarthy Charity Golf Tournament. This is the 26th year we’ve held this event which has raised more than $1 million for local children’s charities.

Recently, one of our

favorite institutional

clients asked us to profile

some McCarthy

employees who work

more “behind the

scenes” than others, to

keep the company

running smoothly.

Following are a few of

those personalities.

Community DayFor many St. Louisans, October represents the last opportunity to enjoy outdoor activities before winter’s chill drives them inside. But, as September slips away and a new month appears on the calendar, McCarthy employees instinctively don jeans, sweatshirts, heavy work gloves and their “heart hats” so they can set out to tackle some much-needed projects for area institutions.

This October, for the third year in a row, crews turned off their computers and left their offices behind every Thursday and Friday to rake leaves, clear away brush, mulch, paint, power wash and plant at 11 organizations: The Children’s Home Society, Lydia’s House, Our Little Haven, Ronald McDonald House, Camp Wyman, St. Louis Crisis Nursery, Nurses for Newborns, World Impact, Wyman Center, Make-a-Wish, West End Mt. Carmel, and the Village of the Blue Rose in Clarksville, Mo.

Craig Miller — QA/QC Assistant Superintendent

Craig joined McCarthy in 2003 as an engineer on one of the most challenging projects undertaken in St. Louis — the Metro Link Expansion. He has since moved to Lumiere Place as the project’s QA/QC Assistant Superintendent. Craig graduated from the University of Wisconsin-Milwaukee in 1986 with a bachelor’s degree in Architectural Studies and went on to earn a Master of Architecture degree from the University of Illinois-Chicago in 1993. Most of Craig’s free time is spent with his wife and three boys but he does manage to satisfy his penchant for visual arts by painting abstract art. He’s also a career coach for the Construction Careers Center here in St. Louis.

McCarthy: Around Town, Some Of Our Smaller Jobs...

CheckPoint St. Louis is produced quarterly by McCarthy Building Companies, Inc.1341 N. Rock Hill RoadSt. Louis, MO 63124314-968-3300 www.mccarthy.com

Chris LampeCommunications ManagerMidwest DivisionMcCarthy Building Companies314-919-2236

john burroughs school

pfizer

$22 million building housing cell bank/transfection labs and start-up cell banking space.

enerfab/empire District energy Company Asbury, Mo

MC Industrial project. $1.9 million foundations and structural steel for Unit 1 SCR.

Centocor biologics

$1.7 million CM at Risk manufacturing suite fit-out for biotech product.

steinberg hall — Washington university

$5.1 million fast-track renovation of fine arts school and auditorium.

st. john’s Medical Center

$12.5 million sustaining work program over an annual budget cycle on more than 25 separate projects.

st. Luke’s Medical Center CviCu

$8.1 million general contracting addition to cardiovascular intensive care unit.

holcim (us)bloomsdale, Mo

MC Industrial project. $1.8 million limestone reclaim tunnel, concrete and miscellaneous foundations.

Lindbergh school District — prop 4

Various projects at 8 schools ranging from $1.5 million.

$5 million Phase 1A of multi-year campus improvement program. Dining hall expansion, synthetic Field Hockey field, bioretention system, utility infrastructure, and parking lot.