HDB tenders are formal invitations for businesses and persons to bid for a number of chances, such as the tenancy of economic spaces like shops and supermarkets, and land income for household and blended-use developments. The procedure is managed via official portals for example GeBIZ and HDB Place2Lease. To take part, tenderers might have to purchase tender documents, which might 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, must be made by a strict deadline. Evaluation criteria tend to be according to a "Value-Top quality Approach" (PQM), which considers variables over and above just the rental bid, for example the caliber of the enterprise notion, productivity initiatives, and community-centric applications. For land sales, a deposit of up to three% with the least price tag is needed. The HDB reserves the proper not here to award a young if bids are deemed as well low.