This article is via iCIRT : https://www.icirt.com/resources-for-property-buyers/scion-how-builder-using-their-icirt-rating-give-confidence-property Buying or renovating a property is one of the biggest financial decisions you'll ever make. Yet, almost four in five Australians are concerned about construction companies failing, which can leave property buyers with an unfinished project and a financial nightmare. To help put the power back in your hands, an independent rating system is available: the iCIRT (Independent Construction Industry Rating Tool) . An iCIRT rating assesses the trustworthiness of builders, developers, architects, engineers, project managers, surveyors, certifiers or any other professional in the construction industry. What an iCIRT Rating Means for Your Property Purchase iCIRT rated Sydney builder and developer, Scion , is a clear example of a business that actively uses its rating to demonstrate its commitment to quality and accountability. Sebastian Jabbour, Operations Director of Scion explains: “Our industry faces so much distrust and so much risk in terms of customers going through bad experiences. The fact that we're iCIRT rated shows that we are transparent; we've got nothing to hide and we're ready to do the right thing by the industry.” The iCIRT rating is based on a rigorous assessment by the independent rating agency, Equifax . It scrutinises a construction business across six critical categories six critical categories - Character, Capability, Conduct, Capacity, Capital, and Counterparties - to determine their ability to deliver a trustworthy built asset. Choosing a builder or developer like Scion, who has achieved an iCIRT rating, gives you a verifiable standard to rely on. Read a case study about Scion getting iCIRT rated: https://www.icirt.com/resources-for-business/icirt-rating-helps-scion-secure-high-value-projects The benefits of choosing an iCIRT rated business 1. Verifiable financial stability The Australian construction sector has seen the highest number of insolvent businesses in the 12 months leading up to the third quarter of 2025. This makes financial stability a major concern for property buyers. The iCIRT assessment addresses this risk by investigating a company's financial strength and resilience. The banks and other funders who lend to developers are increasingly asking about their iCIRT rating because it signals a lower risk profile. In fact, nearly half of NSW lenders now consider iCIRT when assessing loan applications, with 40% of lenders turning down applications if the builder has a poor iCIRT rating or no rating at all. This external validation offers powerful reassurance to you: when major financiers use an iCIRT rating as part of their due diligence, it adds a crucial layer of protection to your investment. 2. Clarity on track record and accountability The rating provides an objective measure of a company’s history, taking the guesswork out of choosing a reliable builder, developer or tradesperson. Scion has found that property buyers are becoming increasingly aware of iCIRT and actively ask about their rated status. Mr Jabbour notes, it's becoming a clear expectation: “It’s becoming a tick box where customers and stakeholders are asking whether there is an iCIRT rated builder on this job.” 3. Commitment to continuous improvement A company that seeks to renew its iCIRT rating annually is committed to continuous operational excellence. The comprehensive iCIRT assessment helps businesses identify areas for improvement. Scion, for instance, used insights from the financial review to formally adopt monthly reviews of key financial health indicators. Choosing an iCIRT rated builder means choosing a business that uses independent scrutiny to refine its internal systems and deliver better outcomes on site. Companies with strong reputations, supported by independent ratings, attract high-calibre professionals. Scion has found that top professionals from other firms are approaching them directly, suggesting the company's trustworthy iCIRT rated status helps it secure the best people to work on your home. Before you buy, ask the question “Are you iCIRT rated”? When you are looking to purchase a new property or hire a construction professional for a major renovation, the simplest step you can take to safeguard your investment is to ask: "Are you iCIRT rated?" An overwhelming 90% of Australians agree that consumers should have access to a register of independently rated, trustworthy construction companies . By choosing an iCIRT rated business like Scion, you are not just relying on a brand name; you are selecting a company whose trustworthiness, capability, and financial health have been independently verified. For more information on how to navigate the Australian property market, download Your Guide to Choosing an iCIRT Rated Construction Professional. Visit the publicly available iCIRT Register to find a builder, developer, or other construction professional who has achieved an iCIRT rating and agreed to share it publicly.

Progress in Focus: August Recap with Scion Group! August was an exciting month for Scion, with strong progress across our current projects and a new acquisition to expand our pipeline. Here’s a look at what we’ve been working on: Chatham, West Ryde: Pre-Sales Achieved & Construction Progressing Chatham has officially hit its pre-sales target a major achievement as we continue to deliver this exceptional project for West Ryde. Proudly ICIRT and ISO accredited, with LDI adopted, Chatham gives our partners and community peace of mind through quality and reliable delivery. With presales secured, finance approved with ANZ, and our Construction Certificate complete, momentum on site is strong. All slab-on-ground pours are now finished, with the next pour set to take us completely out of the ground. Basement 1 slabs are being formed, reinforcing the shoring walls and allowing the temporary structural braces to be removed. From here, our focus shifts to the transfer slabs at Ground Floor - marking the beginning of the superstructure above! Hermitage, St Ives: Foundations Taking Shape Hermitage, our first senior living project in partnership with WINIM, continues to advance with great momentum. The shoring wall system is now complete including piling, capping beams, and shotcreting,and detailed excavation is underway. This progress allows our formwork team to begin installing the steel for the pad footings, which form the critical foundations of the building, including the stormwater pump-out pit designed to safely manage future water flow. Next, we move into slab-on-ground preparation, taking us one step closer to coming out of the ground. We’re proud to see such strong progress early in the program and look forward to delivering this milestone project for St Ives! Homebush: New Acquisition Secured We are pleased to announce the acquisition of a prime site in Homebush, further strengthening our growing pipeline of developments. This strategic acquisition underscores our commitment to shaping Sydney’s urban landscape with high-quality, community-focused projects. Homebush is a well-connected and rapidly evolving suburb, and we’re excited to unlock the site’s potential with a thoughtfully designed development that reflects Scion’s expertise in premium construction and project management. What’s Next? As Scion Group continues to deliver across multiple sites, our commitment to quality, innovation, and community-focused development remains stronger than ever. From creating new homes and retail spaces to generating local jobs, our projects are designed to shape vibrant communities for the future. For more information on our current and upcoming projects, visit scion.com.au . Stay connected with us for the latest updates and milestones.