One of the powerful data management tools is Building Information Modeling (BIM) which operates through obtaining, recalling, sharing, sorting and sorting data and supplying a digital environment of them. Employing SHM, a BIM in monitoring systems, would be an efficient method to address their data management problems and consequently optimize the economic aspects of buildings. The recording of SHM data is an effective way for engineers, facility managers and owners which make the BIM dynamic through the provision of updated information regarding the occurring state and health of different sections of the building. On the other hand, digital transformation is a continuous challenge in construction. In a cloud-based BIM platform, environmental and localization data are integrated which shape the Internet-of-Things (IoT) method. In order to improve work productivity, living comfort, and entertainment, the IoT has been growingly utilized in several products (such as wearables, smart homes). However, investigations confronting the integration of these two technologies (BIM and IoT) remain inadequate and solely focus upon the automatic transmission of sensor information to BIM models. Therefore, in this composition, the use of BIM based on SHM and IOT is reviewed and the economic application is considered.