HDB tenders are official invitations for businesses and persons to bid for many different opportunities, including the tenancy of business Areas like outlets and supermarkets, and land product sales for household and blended-use developments. The process is managed by means of Formal portals which include GeBIZ and HDB Place2Lease. To participate, tenderers may have to acquire tender files, which may Value all-around $ten per set, from places much like the HDB Hub at 480 Lorong six more info Toa Payoh. Tender submissions, that may be Digital or handbook, must be made by a stringent deadline. Evaluation requirements are sometimes based upon a "Rate-Quality Technique" (PQM), which considers aspects over and above just the rental bid, for example the caliber of the small business strategy, efficiency initiatives, and Local community-centric systems. For land profits, a deposit of as many as three% on the bare minimum price tag is needed. The HDB reserves the correct not to award a tender if bids are considered far too lower.