HDB tenders are formal Invites for corporations and individuals to bid for various prospects, including the tenancy of commercial spaces like shops and supermarkets, and land sales for household and mixed-use developments. The method is managed via Formal portals for example GeBIZ and HDB Place2Lease. To take part, tenderers may have to buy tender files, which might cost all over $ten per set, from destinations much like the HDB Hub at 480 Lorong six Toa Payoh. Tender submissions, which can be electronic or manual, need to be made by a stringent deadline. Evaluation standards tend to be based upon a "Cost-Excellent Method" (PQM), which considers aspects outside of just the rental bid, which include the quality of the enterprise strategy, productiveness initiatives, here and Local community-centric systems. For land sales, a deposit of as much as 3% from the minimal price is required. The HDB reserves the correct not to award a tender if bids are considered far too very low.