1. The Local Government Unit of  Tuao, Cagayan  through 20% Development Fund intends to  apply the sum of  Php 7,787,959.38  being the Approved Budget for the Contract (ABC) to   payments under  the contract for INSTALLATION OF AIRCONDITIONING SYSTEM OF MULTI-PURPOSE BUILDING AT NARUANGAN located at Naruangan, Tuao, Cagayan. Bids received in excess of the ABC shall be automatically rejected at bid opening.