HDB tenders are formal invitations for companies and people today to bid for various alternatives, including the tenancy of commercial spaces like stores and supermarkets, and land gross sales for household and mixed-use developments. The process is managed by way of Formal portals which include GeBIZ and HDB Place2Lease. To take part, tenderers may need to buy tender paperwork, which could Price tag around $ten per established, from locations just like the HDB Hub at 480 Lorong 6 Toa Payoh. Tender submissions, which can be electronic or manual, should be made by a stringent deadline. Evaluation requirements are sometimes more info determined by a "Selling price-Excellent System" (PQM), which considers components further than just the rental bid, which include the standard of the small business strategy, efficiency initiatives, and Local community-centric packages. For land income, a deposit of around 3% of the minimum rate is necessary. The HDB reserves the appropriate to not award a tender if bids are considered far too lower.