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HDB tenders are official Invites for organizations and individuals to bid for various opportunities, including the tenancy of business Areas like stores and supermarkets, and land sales for residential and mixed-use developments. The method is managed by Formal portals such as GeBIZ and HDB Place2Lease. To participate, tenderers might need to get tender paperwork, that may cost about $10 per set, from places much like the HDB Hub at 480 Lorong six Toa Payoh. Tender submissions, which may be Digital or guide, have to be created by a rigorous deadline. Analysis standards in many cases are dependant on a "Rate-Quality Method" (PQM), which considers factors beyond just the rental bid, such as the quality of the business concept, efficiency initiatives, and Group-centric systems. For land profits, a deposit of approximately 3% more info from the minimal price is necessary. The HDB reserves the appropriate to not award a tender if bids are considered far too lower.