HDB tenders are official Invites for corporations and people to bid for several different possibilities, including the tenancy of economic Areas like outlets and supermarkets, and land product sales for household and blended-use developments. The procedure is managed through official portals including GeBIZ and HDB Place2Lease. To take part, tenderers might require to invest in tender documents, which may Value all over $ten for every established, from destinations like the HDB Hub at 480 Lorong 6 Toa Payoh. Tender submissions, which can be electronic or manual, should be made by a stringent more info deadline. Evaluation criteria are frequently depending on a "Price tag-Excellent System" (PQM), which considers components outside of just the rental bid, for instance the standard of the small business strategy, efficiency initiatives, and Local community-centric packages. For land income, a deposit of approximately 3% from the minimum rate is necessary. The HDB reserves the appropriate to not award a tender if bids are considered far too lower.