In TradeTapp, the following scenarios describe when financial calculations are run on a vendor's profile.
If you have automatic internal single and project limit calculations set up in your account, these scenarios will trigger them. Learn more in How to automate your internal limits in TradeTapp (General contractors).
A) All financial statement inputs have been completed.
Once all of the vendor’s financial statements are in the Completed section of the Financial Input page.
B) If all financial statements are completed, and one of the statements is updated.
All of the vendor’s financial statements are in the Completed section of the Financial Input page
A user edits one or more fields within a previously Completed statement
A user deletes one of the financial statements
A user adds/completes a new financial statement
C) You click "Complete Application" and not all financial statement inputs have been completed.
If not all of the vendor’s financial statements are in the Completed section and you click the "Complete Application" button, the financials and automatic limits will be calculated.
If you click on "Application Complete" to revert an application status back to Submitted, then later re-click "Complete Application" and if the vendor’s financial statements are still not all complete, the financial calculations and automatic limit calculations will re-run.
D) New submission received and there’s updated financial submission info
When a new submission is received and there is no action required for incomplete financial statements, check if any of the following submission data points has changed:
Current Reported Backlog
Total Line of Credit (vendor submitted)
Line of Credit Available (vendor submitted)
Single Project Bonding Capacity
Aggregate Bonding Capacity
If one of these has changed from the previous submission, then the calculations are rerun.
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