HDB tenders are official Invites for corporations and people to bid for a range of possibilities, including the tenancy of business Areas like outlets and supermarkets, and land revenue for residential and combined-use developments. The method is managed as a result of Formal portals like GeBIZ and HDB Place2Lease. To participate, tenderers may have to acquire tender files, which can Price close to $10 for each set, from areas similar to the HDB Hub at 480 Lorong six Toa Payoh. Tender submissions, that may be Digital more info or guide, need to be produced by a demanding deadline. Analysis standards will often be based on a "Price-Quality Technique" (PQM), which considers elements past just the rental bid, like the quality of the company concept, productivity initiatives, and Group-centric systems. For land profits, a deposit of as many as 3% in the minimal cost is necessary. The HDB reserves the ideal to not award a tender if bids are deemed far too very low.