RICS in Saudi Arabia: Bid Preparation – Mastering Winning Strategies
Rital Hotel, Exit 15, Near Alrajhi Mosque, Riyadh, Saudi Arabia
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Free
Overview
In collaboration with RICS in Saudi Arabia and PIQS, Cost Umbrella is pleased to present a face-to-face CPD session on "Bid Preparation – Mastering Winning Strategies." This highly practical event is designed to equip Quantity Surveyors, Cost Engineers, and Commercial Managers with a structured approach to preparing technically sound and commercially competitive bids.
Attendees will gain valuable insights into the real-world dynamics of producing competitive bids, scope of work alignment, and pricing techniques, alongside a live demonstration of RIB Candy software — an industry-standard tool for project estimation and control. This event is ideal for professionals aiming to strengthen their skills in pre-contract stages and tendering procedures.
Agenda
- 4:00 PM – 4:15 PM | Welcome & Registration
- 4:15 PM – 4:30 PM | Opening Remarks by RICS KSA Representative
- 4:30 PM – 5:15 PM | Keynote Talk: Techno-Commercial Bid Preparation (Mr. Gultasab Ismail)
- 5:15 PM – 5:45 PM | RIB Candy Software Demonstration (Guest team from Dubai)
- 5:45 PM – 6:15 PM | Strategic Pricing & Tender Document Review
- 6:15 PM – 6:30 PM | Break & Refreshments
- 6:30 PM – 7:15 PM | Live Case Study: Lessons from Recent Projects
- 7:15 PM – 7:45 PM | Interactive Q&A Session
- 7:45 PM – 8:00 PM | Closing Remarks & Networking
Learning outcomes
By the end of the session, participants will be able to:
- Identify key elements in techno-commercial bid preparation.
- Understand compliance matrices and client evaluation parameters.
- Apply strategic pricing methods and risk analysis in bidding.
- Use RIB Candy software for effective quantity take-offs and cost estimates.
Speaker
Mr. Gultasab Ismail MRICS
Managing Director, Cost Umbrella
Mr. Gultasab Ismail brings over 18 years of experience in construction estimation and cost engineering, with a strong focus on mega-projects across real estate, infrastructure, commercial high-rises, and roadworks—ranging in value from SAR 250M to SAR 23B. His journey began on-site as a Site Supervisor, evolving through key roles such as Assistant Contract Manager, Quantity Surveyor, Subcontractor Billing Auditor, and Lead Estimator, giving him a well-rounded understanding of full-cycle cost management and project controls. Currently serving as the Estimating and Cost Director at Cost Umbrella (CU), Mr. Ismail leads a multidisciplinary team delivering services in Cost Planning, Quantification, Lifecycle Costing, Value Engineering, Risk Management, Feasibility Assessments, and BIM Management. CU operates under a unique “one umbrella” concept, offering total cost management solutions tailored for complex project environments across the Gulf region. Mr. Ismail’s expertise includes advanced estimating methodologies (Lump Sum, Cost Plus, Target Cost, PPP) aligned with RICS, AACE, and RIBA standards. He is highly proficient in tools like RIB (Candy), Timberline, RAI, and MS Excel for modelling and cost control. Known for data-driven leadership, team mentoring, and a deep understanding of Gulf market dynamics, he is widely respected for his problem-solving skills and delivering cost-efficient strategies that consistently exceed performance benchmarks.
