HDB tenders are formal Invites for enterprises and folks to bid for several different 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 or manual, have to be created by a rigid deadline. Evaluation requirements are sometimes based upon a "Selling price-High-quality Process" (PQM), which considers things further than just the rental bid, such as the standard of the business enterprise thought, efficiency initiatives, and Local community-centric packages. For land income, a deposit of approximately 3% from the minimum price is necessary. The HDB reserves the appropriate to not award a tender if bids are considered far too click here lower.