HDB tenders are official Invites for companies and people today to bid for many different prospects, such as the tenancy of commercial 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, that may 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 or handbook, needs to be produced by a strict deadline. Analysis 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 website as well low.