making building industry credit decisions without the right data?
BICB has the largest and most comprehensive building industry debtor database in Australia
As a BICB member, you’ll have access to comprehensive, up to date, factual credit information about entities that receive supply of goods & services on credit in the building & construction industry in Australia.
Members also have access to a large range of public record searches and a selection of advanced credit reports via the Online BICB Report Selection screen.
The recent rapid growth in domestic construction activity has caused significant supply and demand issues within the Australian building & construction economy. We explore the questions; “Will these pressures lead to an increase in business failures?” “If so, when is this likely to start?”
Patrick Schweizer, Alares Systems Pty Ltd and Wayne Clark, BICB, will provide an overview and practical demonstration of the new Insolvency Risk Factors Predictive Tool feature of the Court Search and Monitoring tool, which will be available to all members through the BICB online system.
Since March 2020, we have witnessed a significant period of change in all aspects of life, but more particularly, we have seen unprecedented legislative changes and Government support to curb the impact of COVID-19 on businesses. The wave of insolvencies widely predicted has not yet hit so it is now more important than ever that businesses in the building industry are prepared for when it does.
upcoming member meetings
"Our company has been a member of the BICB for over 10 years. A previous company that I worked for was also a member for approx. 15 years so my association goes back a long way. The benefits of being a member of the BICB is enormous. I simply couldn’t function in my role without it and it has saved our company many thousands of dollars in bad debts and legal costs over the years.
Their integrity cannot be questioned and I encourage all credit professionals to become members. Their data is accurate and timely which is what we need in this very challenging environment."
"We have been a member of the BICB for over ten years. Wayne and his team provide a welcoming environment. The credit information provided is timely, detailed and diversified so as to assist with determining risk levels.
The BICB covers national as well as Queensland based businesses and I would recommend the BICB as a great resource for all credit approval decision making."
There are many entities promoting their ability to provide accurate and up to date debtor information for the construction sector.
The advantage of dealing with BICB is that you will be notified the moment any debtor of yours changes their payment pattern. It is also possible to see where you are paid amongst their other creditors. From our experience, these features are an added extra from other providers.Our relationship with BICB is in its eighth year and their system of reporting enables us to make informed decisions at inception and any point going forward. We also recommend them for their consistent reliability and networking opportunities.
I have known Wayne and the team for many years and have the utmost respect for them, personally and professionally.
Their hard work provides members with up to date and well researched information . The monthly meetings are a great way to catch up with others in our industry and are always of value. The regular seminars are an added bonus and can provide information not otherwise available.
My name is Michael Chesterman and I have had a wonderful and fruitful 25 year plus relationship with the BICB. I was the inaugural compliance manager for the BSA, the predecessor of the QBCC, and one of the first thing I did was join the BICB so as to obtain reliable contractor payment information.This information assisted me in making critical decisions as to whether or not to suspend or cancel contractors licences for failing to meet licensing financial requirements.For the past 4 years, as part of the Helix Legal team, I have continued to seek guidance and support from Wayne Clark of the BICB. He has always made his time available to me and I truly appreciate this fact.The BICB is a great organisation whose members always look to be constructive and fair in any dealings they have with clients.Onwards and upwards for the BICB is my hope !!
This video gives a quick overview of the Building Industry Credit Bureau and its industry leading members online system.
The online system provides accurate, easy to access credit information about building industry debtors.