<p>This study critically addresses the challenge of integrating successful ideas related to each stage in the life cycle of a construction project by emphasizing both the objectives of maximizing profits and maintaining project functionality. The research aims to enhance the implementation of the Building Information Modeling (BIM) technique by exploring and categorizing its multifaceted benefits using the developing construction industry in Nigeria as a case study. As a result, applying Exploratory Factor Analysis assists in grouping BIM-related benefits, thus providing insights into nuanced perspectives. To bridge this identified research gap, a survey of construction professionals in Nigeria was carried out through a questionnaire, with analysis conducted using Partial Least Squares-Structural Equation Modelling. Results show that BIM adoption in this unique setting will bring significant gains, although some challenges persist. These include the absence of established collaboration between designers and the downstream supply chain, low computer literacy, a dearth of standard BIM protocols for enhancing collaboration amongst the industry players, and resistance to change among construction industry professionals.Query This study has advanced the knowledge in this domain by providing insights into the benefits of BIM and a ready reference to guide policymakers in adopting BIM in developing nations.</p>