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This chapter presents a comprehensive analysis of the current state of Building Information Modelling (BIM) in the Architecture, Engineering, Construction and Facility Management (AEC/FM) industry and a re-assessment of its role and potential contribution in the near future, given the apparent slow rate of adoption by the industry. The chapter analyses the readiness of the industry with respect to the (1) tools, (2) processes and (3) people to position BIM adoption in terms of current status and expectations across disciplines. The findings are drawn from an ongoing research project funded by the Australian Cooperative Research Centre for Construction Innovation (CRC-CI) that aims at developing a technological, operational and strategic analysis of adopting BIM in the AEC/FM industry as a collaboration platform.