HDB tenders are official Invites for corporations and folks to bid for several different 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 by means of Formal portals for instance GeBIZ and HDB Place2Lease. To take part, tenderers may need to buy tender paperwork, which often can cost about $10 per set, from areas similar to the HDB Hub at 480 Lorong six Toa Payoh. Tender submissions, that may be Digital or handbook, needs to be produced by a demanding deadline. Analysis conditions are often according to a "Cost-Top quality Approach" (PQM), which considers aspects over and above check here just the rental bid, for example the caliber of the organization principle, productiveness initiatives, and Neighborhood-centric applications. For land revenue, a deposit of as much as 3% of your minimum amount selling price is needed. The HDB reserves the best not to award a tender if bids are considered way too minimal.