HDB tenders are official Invites for enterprises and folks to bid for several different options, such as the tenancy of economic Areas like shops and supermarkets, and land income for household and blended-use developments. The process is managed by means of Formal portals for instance GeBIZ and HDB Place2Lease. To take part, tenderers may need to get tender paperwork, which often can cost about $10 for each set, from areas similar to the HDB Hub at 480 Lorong six Toa Payoh. Tender submissions, that may be Digital read more or handbook, needs to be produced by a strict deadline. Evaluation criteria tend to be depending on a "Value-Good quality Strategy" (PQM), which considers components outside of just the rental bid, for instance the standard of the business enterprise thought, efficiency initiatives, and Local community-centric systems. For land profits, a deposit of as many as 3% in the minimal cost is required. The HDB reserves the right never to award a young if bids are deemed as well low.