Building Industry Credit Bureau
If you are a supplier or sub-contractor to the Building Industry in Australia and NOT a member of BICB…. Then you are missing out on information that could be VITAL to your business.
As a member of the Building Industry Credit Bureau you belong to a unique supplier group, whose members are suppliers to Australia’s building and construction industry. The bureau operates in Queensland, New South Wales, ACT, Victoria, South Australia, Tasmania, Western Australia and the Northern Territory.
- BICB is a not for profit subscriber based organisation whose origins go back to the early 1920’s.
- BICB supplies comprehensive, up to date, factual credit information about entities that receive supply of goods & services on credit in the building & construction industry in Australia.
- BICB members have access to this information 24/7 online via a secure database.
- BICB also offers members opportunities to attend regular member meetings, toolbox training sessions and training seminars.
- Subscribers provide BICB with their monthly debtors aged trial balance (showing commercial accounts only), which are then consolidated into the BICB database detailing trading histories of over 100,000 entities in Australia representing annual sales of over $24 billion.
- Sectors that are represented by subscribers include steel, timber, brick & block, concrete & concrete products, hardware & plumbing, windows & doors, plasterboard & fixers, equipment hire, earthworks & road building, wall & floor tiles, carpet & floor coverings, electrical & white goods, sand/gravel & landscaping supplies, roofing, cabinet makers & joinery frame & trusses, insulation, air conditioning & refrigeration and other industry sectors.
- Strict security procedures are observed in relation to the storage of, and access to, members’ data, and confidentiality requirements are strictly enforced.
- BICB observes the Privacy Amendment (Enhancing Privacy Protection) Act 2012 (Cth)
- Members pay an annual subscription fee which is based on the size of the debtors aged trial balance.
What our members are saying …
Our business has grown from a small business to a medium sized business over the last 8 and a half years and has relied heavily on the information provided by BICB in their reporting and online portal to minimise the risks associated with working for new clients. We have been able to make informed decisions before entering into partnerships with clients where we’ve saved our resources for the clients who pay on time and are less likely to bring cash flow issues and bad debt to our business
Greg Christopherson
Managing Director - Raven Roofing
April 3, 2017
Bretts have been a member of the BICB since its inception in the 1920’s. In fact, it was my Great Uncle JF Brett that originally conceived and then established the Bureau over 90 years ago. In that time, we have saved countless millions in potential bad debts, as a direct result of being able to make intelligent informed decisions by having access to the BICB database. Even though the BICB is approaching 100 years of continued service to the building industry, it has remained relevant and up to date throughout, with a world class online platform that makes our credit management team’s job incredibly simple. Individual debtor data and powerful reports are available at the press of a few buttons, keeping our team informed with the most up to date information. With well over 200 members, many of them large national and multinational ASX listed companies, we find the vast majority of customers and more importantly, prospective clientele, are well represented in order to give us an accurate picture of how they are paying other suppliers.
And all of this is available at a microscopic fraction of a percentage of our turn over. I have no doubt whatsoever, that the BICB has been instrumental in allowing us to continue trading into our second 100 years of business and overwhelmingly would recommend BICB membership as a valuable credit management tool.
Bill Nutting
Managing Director - Bretts PTY LTD
April 3, 2017
BICB is an excellent credit tool which is fundamental to the business decisions made in the assessment of credit worthiness – Key to our business to generate information which assists in the making of informed decisions in the assessment of new and the review of existing customers, a resource we utilise on a daily basis. The service behind the monthly reporting is also something to be commented on, Paula has been an immense help when called upon in my early days of introduction to the BICB and continues offer the same high quality service.
Sandra Shortland
Regional Credit Manager - CSR Lightweight Systems
April 6, 2017
