HDB tenders are official Invites for corporations and folks to bid for several different options, such as the tenancy of economic spaces like retailers and supermarkets, and land profits for household and mixed-use developments. The process is managed by way of Formal portals such as GeBIZ and HDB Place2Lease. To participate, tenderers may have to acquire tender files, which can Expense all around $ten for every established, from destinations just like the HDB Hub at 480 Lorong 6 Toa Payoh. Tender submissions, which can be electronic or manual, has to be created by a rigid deadline. Analysis standards will often be based on a "Price-High quality Approach" (PQM), which considers aspects over and above just the rental bid, for example the caliber of the organization principle, productiveness initiatives, and Neighborhood-centric plans. For land product sales, a deposit of around 3% from the minimal cost is required. The HDB reserves the right never to award a young if bids are here deemed too low.