HDB tenders are official Invites for corporations and people 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 official portals for instance GeBIZ and HDB Place2Lease. To take part, tenderers may need to buy tender paperwork, which could Price tag around $10 per set, from places such as the HDB Hub at 480 Lorong six Toa Payoh. Tender submissions, which may be Digital or guide, need to be produced by more info a rigorous deadline. Analysis standards will often be based on a "Cost-High quality Approach" (PQM), which considers aspects over and above just the rental bid, including the caliber of the enterprise notion, productiveness initiatives, and Neighborhood-centric applications. For land revenue, a deposit of as much as 3% from the minimum amount price is necessary. The HDB reserves the ideal never to award a tender if bids are deemed too small.