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

Article Resource Management, Procurement Management, Construction 1 June 2015

Project Management Journal

Forsythe, Perry | Sankaran, Shankar | Biesenthal, Christopher

How to cite this article:

Forsythe, P., Sankaran, S., & Biesenthal, C. (2015). How far can BIM reduce information asymmetry in the Australian construction context? Project Management Journal, 46(3), 75–87.
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.
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