Announcement 

Date: 16th March 2025 

Announcement No:HDC(161)-PWM/IU/2025/35 

Notification of Vendor Rating Guideline 

Greetings from Housing Development Corporation Ltd. 

Housing Development Corporation Ltd. (HDC) intends to evaluate and monitor the performance of its vendors to ensure efficient administration, operation, and utilization of company resources. 

Upon approval of the vendor registration application, the vendor will be assessed and rated in accordance with the “Vendor Rating Guideline (PRW-2021-GDL004)”. Suppliers, service providers and contractors will be evaluated according to the “Supplier Performance Evaluation”, “Service Provider Performance Evaluation”, and “Contractor Performance Evaluation”, respectively, to ensure that all prospective vendors are given a fair, transparent and equal opportunity in all business transactions with our corporation. 

Please note that the Vendor ManagementGuideline will take effect from 1st April 2025, and the Vendor Rating and Evaluation Guidelines are published as an attachment to this announcement. 

We would like to invite interested parties to register with us through our online vendor portal at https://bids.hdc.mv/.  

Should you have any questions or concerns regarding registration or the Vendor Rating and Evaluation Guidelines, please feel free to contact us at [email protected]. 

Yours Sincerely