Project Management Institute

How far can BIM reduce information asymmetry in the Australian construction context?

Building Information Modeling (BIM) systems are increasingly used in construction projects. Theoretically, these systems provide greater transparency and access to construction project information and, in doing so, should reduce the information asymmetry that commonly arises in construction contracting relationships. In order to investigate this, evidence was collected through three case studies of large organizations undertaking projects in Australia--each representing a different type of customer in the supply chain on construction projects. The study found that, although BIM has the capability to reduce information asymmetry, it has not reached a mature enough stage in the Australian construction industry to confirm that it actually reduces the problem.
member content locked

Log in or join PMI to gain access

or Join



Related Content


Publishing or acceptance of an advertisement is neither a guarantee nor endorsement of the advertiser's product or service. View advertising policy.