Pre-heat oven to 350°F.
Coat an 8 x 10-inch baking dish with melted butter.
In a large bowl, beat eggs and milk until blended.
Separate biscuits and cut into quarters.
Add biscuits to egg mixture and toss to coat.
Add bacon, peppers, onions and cheese to bowl; mix together; let sit for 10 – 15 minutes.
Transfer mixture to prepared dish.
Place in pre-heated oven and bake for 25 minutes.
Remove from oven, cover top with aluminum foil, return to oven and bake for another 30 minutes or until eggs are cooked through.