There have been numerous studies on shotcrete based on strength and durability. However, few studies have been conducted on rheological characteristics, which are very important parameters for evaluating the pumpability and shootability of shotcrete. In those studies, silica fume has been generally used as a mineral admixture to simultaneously enhance the strength, durability, pumpability, and shootability of shotcrete. Silica fume is well-known to significantly increase the viscosity of a mixture and to prevent material sliding at the receiving surface when used in shotcrete mixtures. However, the use of silica fume in shotcrete increases the possibility of plastic shrinkage cracking owing to its very high fineness, and further, silica fume increases the cost of manufacturing the shotcrete mixture because of its cost and handling. Colloidal silica is a new material in which nano-silica is dispersed in water, and it could solve the above-mentioned problems. The purpose of this research is to develop high-performance shotcrete with appropriate levels of strength and workability as well as use colloidal silica for normal structures without a tunnel structure. Thereafter, the workability of shotcrete with colloidal silica (2, 3, and 4%) was evaluated with a particle size of 10 nm and silica fume replacement (4 and 7%) of cement. In this study, an air-entraining agent for producing high-performance shotcrete was also used. The rheological properties of fresh shotcrete mixtures were estimated using an ICAR rheometer and the measured rheological parameters such as flow resistance and torque viscosity were correlated with the workability and shootability. More appropriate results will be focusing on the Bingham model properties such that the main focus here is to compare all data using the Bingham model and its performance. The pumpability, shootability, and build-up thickness characteristics were also evaluated for the performance of the shotcrete. This research mainly focuses on the Bingham model for absolute value because it creates an exact linear line in a graphical analysis, which provides more appropriate results for measuring the shotcrete performance rather than ICAR rheometer relative data.