The construction industry increasingly recognizes the potential benefits of cyber-physical systems, particularly Digital Twin (DT) technology, within the framework of Industry 4.0 and Construction 4.0. However, there remains a lack of clarity regarding the specific contributions of DT to the construction sector, often conflated with Building Information Modeling (BIM). This paper aims to address this ambiguity by conducting a historical review of DTs, delineating their key features, and elucidating the opportunities they offer throughout the stages of constructed facilities' life. Additionally, this paper outlines potential research trajectories and practical applications for leveraging DTs to enhance construction project delivery.