Mexico’s third-largest construction firm, Urbi Desarrollos Urbanos, has hired Boston Consulting Group and Bain & Company to support it in improving its business performance. The strategy consulting rivals will evaluate its business portfolio, key business processes and financial performance. The consultants have started their work and will provide their findings in November.
Urbi Desarrollos Urbanos has come under increasing pressure over the past months, facing a declining housing market and financial problems with mortgage providers. As a result, Selene Avalos, Chief Financial Officer of Urbi Desarrollos Urbanos, decided to hire the external advisors to boost results.
BCG and Bain working together on an assignment?
It is not common that clients hire two rival strategy consulting firms to work on the exact same assignment. In most cases, clients hire a consortium of consultants, each tasked with their own dilemma and mandate.