EPIC (Engineer Procure Install and Commission)
EPIC (Engineer, Procure, Install and Commission) is the process of acquiring materials and services from external sources for use in a project. The term is generally used to refer to large-scale projects such as construction or infrastructure development which involve contracting out significant elements of the work. In terms of procurement, it refers to the process of evaluating potential suppliers, selecting one or multiple contractors for each job task, negotiating contracts, and controlling costs during the entire project duration. By using EPIC, companies can ensure that they have the necessary resources to complete their projects on time and on budget; thus, providing increased value to stakeholders.
