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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?
Having this information can possibly reduce your risk to the word that strikes fear into every credit manager….Insolvency!
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Do they have a poor payment track record?
We all want to know this! Knowing this piece of information could determine whether you offer credit or not.
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How do our customers pay other suppliers?
The phrase, ‘Safety in numbers’ comes to mind here. Seeing payment patterns to multiple suppliers can bring a new perspective about a debtor.
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Is the business safe or difficult to deal with?
Getting background information garnered from a variety of authoritative sources viewed in one location answers that question succinctly.
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If we deal with a company will we get paid?
History is great for giving insights, especially payment history! Seeing a client’s payment history can yield interesting insights about the likelihood of being paid.
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Increasing Costs and Delays
At our recent seminar, it came to light about the stress the Building Industry is currently experiencing. The blowouts in costs and completion dates are significantly impacting new builds for the builder and homeowner.
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Insolvencies – When Will the Dam Burst?
Since July of last year, we have witnessed a period of rapid growth in domestic construction activity in Australia. This rapid growth has caused significant supply and demand issues within the Australian building & construction economy.
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BICB/Alares “Insolvency Risk Factor”
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.
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Preparing for the Predicted Wave to Come
