HDB tenders are official invitations for enterprises and men and women to bid for a variety of options, such as the tenancy of economic Areas like shops and supermarkets, and land income for household and blended-use developments. The process is managed via official portals for instance GeBIZ and HDB Place2Lease. To take part, tenderers may need to buy tender documents, which could Charge around $10 per set, from places such as the HDB Hub at 480 Lorong 6 Toa Payoh. Tender submissions, which may be electronic or guide, have to be created by check here a rigorous deadline. Analysis standards will often be based on a "Price-High quality Technique" (PQM), which considers aspects past just the rental bid, including the caliber of the enterprise notion, productivity initiatives, and community-centric applications. For land revenue, a deposit of up to three% of your minimum amount selling price is needed. The HDB reserves the correct not to award a young if bids are considered way too minimal.