1. The Local Government Unit of  Tuao, Cagayan  through TRUST FUND  intends to  apply the sum of  Php 1, 259,400.86  being the Approved Budget for the Contract (ABC) to   payments under  the contract for CONSTRUCTION OF 2 CLASSROOM BUILDING located at Naruangan, Tuao, Cagayan. Bids received in excess of the ABC shall be automatically rejected at bid opening.