Engineer, Procure, Install and Commission
A contract under which the contractor engineers, procures, installs and commissions [EPIC] the work, often an engineering project. In practice, this is a form of outsourcing most common to the oil and gas sector under which the client does not design the solution, but invites bidders to quote a price for designing the solution, procuring the materials, and installing and commissioning the project. This transfers the design risk to the contractor and is only possible where there are large integrated groups that have the capability to design, procure, fabricate and install large capital projects. See also Engineer, Procure, Install, Commission, Operate and Maintain.
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