HDB tenders are official Invites for firms and individuals to bid for various opportunities, including the tenancy of business spaces like stores and supermarkets, and land gross sales for residential and mixed-use developments. The process is managed by way of Formal portals which include GeBIZ and HDB Place2Lease. To participate, tenderers might need to get tender paperwork, which often can cost about $10 per set, from places such as get more info the HDB Hub at 480 Lorong 6 Toa Payoh. Tender submissions, which may be electronic or manual, has to be created by a rigid deadline. Evaluation requirements are sometimes based upon a "Selling price-Excellent Process" (PQM), which considers things 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 best to not award a tender if bids are considered way too minimal.