This paper presents a systematic review of Construction 4.0 in the context of the building information modeling (BIM) 4.0 premise. It comprises a review of the industry in the pre- fourth industrial revolution (4IR) age, the current and anticipated development of the 4IR, Construction 4.0’s origin and applications, and the synergy of its main drivers, i.e., the synergy of BIM with the internet of things (IoT) and big data (BD). The main aim of the paper is to determine the Construction 4.0 drivers and to what extent are they initialized by the 4IR, their development and their synergy with BIM, and the direction of BIM’s implementation in the construction phase. It was found that the main drivers of Construction 4.0, which originated from the 4IR, are BIM, IoT, and BD, but with specific implementations. The results of the analysis of BIM with IoT and/or BD revealed that the integrative approaches combining the aforementioned drivers show signs of project enhancement by providing significant benefits, such as improved real-time monitoring, data exchange and analysis, construction planning, and modeling. Furthermore, it was revealed that the main drivers are mostly applied in the project’s preconstruction phase, which is continuously developing and becoming more automated. The state-of-the-art review presented in this paper suggests that BIM is in transition, adopting Construction 4.0 to become BIM 4.0.