making building industry credit decisions without the right data?
BICB has the 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 total value of new loan commitments for housing and the value of owner occupier home loan commitments each reached record highs in October 2020. The total value of new loan commitments for housing rose 0.7 per cent to $22.7 billion in October, seasonally adjusted.
Australian Construction Industry Forum (ACIF) forecasts published today outline that COVID-19 and the measures that have been taken to control its spread, have sent the message to hold or defer many new building projects. The ACIF Forecasts highlight that work done will fall again this year, decreasing 3.2 per cent over 2020-21.
Record High in New Loan Commitments for Housing – The total value of new loan commitments for housing and the value of owner occupier home loan commitments each reached record highs in October 2020. The total value of new loan commitments for housing rose 0.7 per cent to $22.7 billion in October, seasonally adjusted.
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.
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.