HDB tenders are official invitations for businesses and people to bid for many different options, such as the tenancy of commercial Areas like shops and supermarkets, and land gross sales for residential and combined-use developments. The procedure is managed by way of Formal portals including GeBIZ and HDB Place2Lease. To take part, tenderers may need to get tender files, which might Price tag close to $10 for each established, from locations much like the HDB Hub at 480 Lorong six Toa Payoh. Tender submissions, that may be Digital or handbook, must be made by a rigid deadline. Evaluation standards will often be depending on a "Price tag-High-quality Technique" (PQM), which considers aspects over and above just the rental bid, for check here instance the standard of the business enterprise concept, productivity initiatives, and Group-centric courses. For land sales, a deposit of as much as 3% from the bare minimum value is necessary. The HDB reserves the proper not to award a young if bids are considered also minimal.