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

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

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

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

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Alares Monthly Credit Risk Insights, April 2022

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

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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.

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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.

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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.

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Will my data be secure and remain confidential?

Confidentiality and security are vital for our existence.

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Where does BICB’s data come from?

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.

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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.

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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!

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Does a client have a past adverse credit history?
