Credit Management in the Construction Industry

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Credit Management in the Construction Industry

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Wayne Clark was a guest writer for the Australian Institute of Credit Management’s (AICM) April 21 credit management issue. He wrote specifically about the Construction Industry.

Construction is the third largest industry in Australia for the number of people it employs and its GDP (Gross Domestic Product) contribution.

However, it is the second largest industry when it comes to corporate insolvencies, with an average of 1,552 per annum. Understanding the nature of the industry is extremely important for effective credit management.

To read the full magazine, please visit AICM.

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Using BICB services and the data and information provided has helped our business make confident decisions when it comes to credit applications for our company.
ALLKIND Joinery
…The BICB is a great organisation whose members always look to be constructive and fair in any dealings they have with clients.
Michael Chesterman, Helix Legal
Excellent service and support. I have known Wayne and the team for many years, and they are a mine of information…
Jenny Lanyon
…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.
Geraldine Owens
Using BICB services and the data and information provided has helped our business make confident decisions when it comes to credit applications for our company.
ALLKIND Joinery
…The BICB is a great organisation whose members always look to be constructive and fair in any dealings they have with clients.
Michael Chesterman, Helix Legal
Excellent service and support. I have known Wayne and the team for many years, and they are a mine of information…
Jenny Lanyon
…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.
Geraldine Owens