Trusstor Debuts Digital Last Planner for Construction Firms

Construction operations platform Trusstor has introduced a project management system to ensure timely completion.

Announced Wednesday (Sept. 6), the company’s Last Planner aims to drive digital transformation in construction project management when many construction firms are investing in new technology.

“Trusstor takes the standard Last Planner approach used in the industry for the weekly planning of construction sites and digitizes it,” Omri Sorek, co-founder and chief executive of Trusstor, said in a news release.

“At Trusstor we know how buildings are built, so we can give general contractors a framework tool to work from and it’s gonna save them a lot of time, compared to Excel or white board templates that were not developed specifically for the construction sector.”

According to the release, the Last Planner uses “predefined activities, templates, workflows and activity sequences” based on construction project management best practices.

Users can select the sequence and timing of activities, with the company’s templates configuring the work plan automatically.

The launch of the Last Planner is happening at a time when construction companies are turning to technology to help improve operations and build resilience.

As noted here earlier this year, PYMNTS’ intelligence finds that 30% of these firms were preparing for a possible recession by investing in technology to cut costs and save time.

They’re planning to add technology to accelerate payments, reduce financing costs and streamline back-office processes — solutions that address common problems in the construction industry, according to the January/February edition of the “B2B and Digital Payments Tracker®,” a PYMNTS and American Express collaboration.

Some of this technology helps contractors get the equipment they need. Kevin Forestell, co-founder and CEO of construction equipment rental marketplace DOZR, told PYMNTS’ Karen Webster last September that B2B buy now, pay later (BNPL) is the solution here.

The extended terms help these companies bridge the gap between the time they need to pay for their equipment rentals, which is typically within 30 days and the time when they get paid for their work, which can be between 30 days or 60 days later — with as much as 40% held back until the job is concluded, Forestell said.