TradeTapp

TradeTapp was established in 2015 by Justin Levine, Jim Blouin, and Neil Tan to address risk management within the construction industry. As a former risk manager, CEO Justin Levine brought a wealth of industry knowledge, aiming to solve the inefficiencies he experienced firsthand. The company developed a Software-as-a-Service (SaaS) platform designed for general contractors to streamline the critical process of subcontractor qualification.

The platform operates by enabling general contractors to collect and analyze comprehensive data on potential subcontractors. It uses algorithms to assess subcontractor performance based on metrics like financial health, work history, safety performance, and backlog capacity. A key function of the platform is its ability to benchmark subcontractors against industry peers, providing data-driven risk scores and mitigation recommendations tailored to specific projects. This allows clients to make more informed decisions, moving away from manual paperwork and toward an automated, analytical approach to vetting partners.

TradeTapp's business model is based on this SaaS offering, serving general contractors and owners in the commercial construction space. The platform's features include customizable questionnaires, workflow automation, document management, and integrations with ERP and accounting systems to sync financial data. In February 2018, the New York-based startup secured $500,000 in a seed funding round.

A significant milestone occurred in August 2018 when TradeTapp was acquired by BuildingConnected, a leading preconstruction platform. This acquisition integrated TradeTapp's risk analysis capabilities into BuildingConnected's extensive network, creating a more holistic solution for the preconstruction phase. Shortly after, in December 2018, Autodesk announced its agreement to acquire BuildingConnected for $275 million, a deal that was completed in January 2019. Following these acquisitions, TradeTapp continues to operate as a key product within the Autodesk Construction Cloud, now known as BuildingConnected TradeTapp, focusing on enhancing subcontractor qualification and risk management for a global user base.

Keywords: subcontractor risk management, contractor qualification, construction technology, preconstruction software, general contractors, risk analysis, financial benchmarking, safety performance, BuildingConnected, Autodesk Construction Cloud, vendor management, compliance tracking, bid management, construction financial analysis, subcontractor vetting, project risk mitigation, data-driven construction, ConTech, SaaS platform