The use of Mechanically Fastened Fiber Reinforced Polymer (MF-FRP) laminates is emerging as a viable alternative to adhesively bonded FRP laminates for the rehabilitation of reinforced concrete (RC) members such as beams and slabs. A recently published state-of-the-art review of the experimental research has demonstrated the viability and effectiveness of MF-FRP systems. This paper provides a state-of-the-art review of the analytical and numerical studies performed over the last decade with the aim of: (a) predicting the strength, the load-deformation response and the failure mode of rehabilitated RC members, and (b) accounting for the interfacial behavior between the concrete and the MF-FRP laminate. Ultimate strength models and constitutive models are critically reviewed based on their key assumptions and formulations and compares the analytical predictions with previously reported experimental results.