A BIM-based tool for formwork management was developed using Dynamo Studio and Revit, based on practitioners preferences regarding LOD and rental option. The BIM tool is a toolset of Dynamo scripts able to create a BIM model for formwork enable with parameters that describes formwork features necessary for formwork management. The BIM model created with this toolset is able to compute quantities, cost analysis, generate a demand profile, and cerate a 4D & 5D simulation automatically.