The document discusses the need for formalization and standardization of the IFC (Industry Foundation Classes) in OWL (Web Ontology Language) format, emphasizing collaborative efforts among various research initiatives. It highlights the evolution and challenges faced from 2005 to 2015 in developing a unified IFCOWL structure while addressing open issues related to ontology names, URI naming conventions, and data types. The authors advocate for a more standardized approach to better utilize semantic web technologies in architecture and construction.