HDB tenders are official Invites for corporations and people to bid for a range of 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 handbook, need to be produced by a demanding deadline. Analysis standards will often be based on a "Price-High quality Technique" (PQM), more info which considers elements past just the rental bid, like the quality of the business concept, efficiency initiatives, and Group-centric systems. For land profits, a deposit of as many as 3% in the minimal cost is necessary. The HDB reserves the ideal to not award a tender if bids are deemed far too very low.