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A Profile of Changing Risk in the Building & Construction Industry – Part 2

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Patrick Schweizer discusses data on insolvencies, wind-up applications and court actions in recent years in the Building and Construction Industry.

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A Profile of Changing Risk in the Building & Construction Industry – Part 1

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Renee Dobson and Maria Tisdell discuss the changing risk profile based on data collected by NCI.

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Elements vital to effective risk mitigation – construction industry

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Executive Director Wayne Clark contributed this article to the AICM Risk Report 2022.

Alares Monthly Credit Risk Insights, April 2022

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Alares Monthly Credit Risk Insights, April 2022

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While insolvencies are still below pre-COVID levels overall, construction related businesses are making up a larger percentage of those insolvencies.

Can BICB provide a regular risk assessment of our customers?

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Can BICB provide a regular risk assessment of our customers?

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We are in a dynamic environment so having monthly potential risk reports is vital for credit managers.

How much data is available and what areas are covered?

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How much data is available and what areas are covered?

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We don’t want to boast but we have data on over 200,000 entities in the Building & Construction Industry across Australia.

Can I monitor my debtors/ customers for legal actions registered against them?

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Can I monitor my debtors/ customers for legal actions registered against them?

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Our capacity to harness information the DAY a court action is lodged puts our members ahead of the game.

Will my data be secure and remain confidential?

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Will my data be secure and remain confidential?

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Confidentiality and security are vital for our existence.

Where does BICB’s data come from?

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Where does BICB’s data come from?

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All our members are suppliers or subcontractors to the Building & Construction Industry. We are the only national organisation with the volume of trading data that is industry specific.

Being a member of BICB – how does it work?

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Being a member of BICB – how does it work?

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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.

Am I able to monitor my customers payment habits with other suppliers?

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Am I able to monitor my customers payment habits with other suppliers?

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Seeing changes in payment habits to other suppliers can raise a red flag!

Does a client have a past adverse credit history?

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Does a client have a past adverse credit history?

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Having this information can possibly reduce your risk to the word that strikes fear into every credit manager….Insolvency!

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Building Industry Credit Bureau, Unit 9/39 Jeays St, Bowen Hills QLD 4006. Phone: 1800 931 221

Building Industry Credit Bureau
Unit 9/39 Jeays St, Bowen Hills QLD 4006
Phone: 1800 931 221

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