HDB tenders are formal invitations for organizations and individuals to bid for a range of opportunities, including the tenancy of business Areas like shops and supermarkets, and land product sales for household and blended-use developments. The process is managed by means of Formal portals which include GeBIZ and HDB Place2Lease. To participate, tenderers might need to acquire tender files, which can Expense all around $ten for every established, from locations just like the HDB Hub at 480 Lorong 6 Toa Payoh. Tender submissions, which may be electronic or guide, have to be produced by a rigorous deadline. Analysis conditions are often according to a "Value-Good quality Strategy" (PQM), which considers components outside of just the rental bid, which include the standard more info of the business enterprise concept, efficiency initiatives, and Group-centric courses. For land gross sales, a deposit of nearly three% with the least price tag is needed. The HDB reserves the correct not to award a tender if bids are considered way too lower.