It’s simpler for utility companies to outsource the procurement process of their greenfield capital projects than manage it in-house. Traditionally that’s how it’s been done.
But the heavy lifting such a project requires may well be worth it.
GEP’s latest bulletin, Capex for Energy & Utilities: The Benefits of In-House Procurement Over EPC Model, recommends that enterprises evaluate the feasibility of handling the procurement process internally. It also discusses the potential challenges of managing such a project and how to overcome them.
This bulletin is a must-read for procurement and business leaders in the energy and utilities sector looking to better manage capital spending.