Virtual Construction (VC) applications encounter difficulty in sharing and exchanging information with one another due to the long periods of interoperability limitation. To address these issues, an Industrial Foundation Classes-based graphic information model (IFC-GIM) is developed according to the exchange requirement of VC, and using the representations of three models in the IFC schema and its extension by defining the dynamic property set and properties for animation. The three models include the physical object model, the construction information model, and the realistic model. An OpenGL-based VC platform is developed and applied to a 440-m-high building to implement the IFC-GIM. The results demonstrate that the proposed IFC-GIM lays the foundation for data sharing and exchange among VC systems and other IFC-compliant applications, which, in turn, significantly reduces the modeling effort for VC and increases the value of VC results. Furthermore, animation is applied to simulate construction activities by the VC platform in addition to color and transparency, enhancing realistic feelings in 4D applications.