Credit Management Solutions for Building & Construction Industry Suppliers
Minimise Your Exposure
To Potential Creditor Insolvency
Give your business confidence
to make more effective credit management decisions
Robust support to Building Industry Suppliers & Sub-contractors for over 100 years
The Building Industry Credit Bureau (BICB) is an Australian membership based Not-For-Profit Organisation.
We act as a conduit for members to share accurate financial trading and credit related information via a secure online database. Our membership drawn from suppliers and/or subcontractors to the Building and Construction Industry.
Giving your business confidence
to make more effective credit management decisions
The Building Industry Credit Bureau (BICB) is an Australian membership based Not-For-Profit Organisation.
We act as a conduit for members to share accurate financial trading and credit related information via a secure online database. Our membership drawn from suppliers and/or subcontractors to the Building and Construction Industry.
It can be tough to successfully master credit management
Solutions to key questions
credit managers address every day
If we deal with or supply a company will we get paid?
History is great for giving insights, especially payment history! Seeing a client’s payment history can yield interesting insights about the likelihood of being paid.
Is the business safe or difficult to deal with?
Getting background information garnered from a variety of authoritative sources viewed in one location answers that question succinctly.
How do our customers pay other suppliers?
The phrase, ‘Safety in numbers’ comes to mind here. Seeing payment patterns to multiple suppliers can bring a new perspective about a debtor.
Does a client have a past adverse credit history?
Having this information can possibly reduce your risk to the word that strikes fear into every credit manager….Insolvency!
Do they have a poor payment track record?
We all want to know this! Knowing this piece of information could determine whether you offer credit or not.
Am I able to monitor my customers payment habits with other suppliers?
Seeing changes in payment habits to other suppliers can raise a red flag!
Here are key questions credit managers ask about BICB
Insight and expertise at your fingertips
Key questions credit managers ask about BICB
Being a member of BICB – how does it work?
It’s simple really. We act as a conduit for members to share accurate financial trading and credit related information via a secure online database.
Where does BICB’s data come from?
Having this information can possibly reduce your risk to the word that strikes fear into every credit manager….Insolvency!
Will my data be secure and remain confidential?
Confidentiality and security are vital for our existence.
Can I monitor my debtors/ customers for legal actions registered against them?
Our capacity to harness information the DAY a court action is lodged puts our members ahead of the game.
How much data is available and what areas are covered?
We don’t want to boast but we have data on over 200,000 entities in the Building & Construction Industry across Australia.
Can BICB provide a regular risk assessment of our customers?
We are in a dynamic environment so having monthly potential risk reports is vital for credit managers.
Reduce creditor risk
Make confident commercial decisions
Protect your business’s future
Where to from here?
Construction is the third largest industry in Australia for people employed and GDP (Gross Domestic Product) contribution. It is the second largest industry for corporate insolvencies, with an average of 1,552 per annum. Understanding the nature of the industry is vital for effective credit management.
BICB assists you to make informed commercial decisions to protect your business.
Find out about BICB
A 220+ strong membership database provides a considerable depth of trading information across 200,000+ entities.
Approximately $30B in annual trade sales is entered and analysed in our secure online system.
Introducing
No longer do you have to reply on that ‘feeling in your bones’ about how risky it is to deal with a company.
Minimise your credit management risk with a real time statistical tool which indicates risk when dealing with specific companies.
See at a glance—updated fortnightly national Risk Tracker factual data indicators for the Building & Construction Industry.
Find out about membership
Excellent member benefits, credit management solutions, mentoring and insights from top industry credit managers.
Executive Director, Wayne Clark is only a phone call away to offer advice from a wealth of experience.
