1. The Local Government Unit of Tuao, Cagayan through GENERAL FUND intends to apply the sum of  Php 1,900,000.00   being the Approved Budget for the Contract (ABC) to payments under  the contract for  RENTALS OF LIGHTS & SOUNDS, LED WALL, TRUSSES WITH DOME TO INCLUDE LIVE COVERAGE WITH PHOTO & VIDEO. Bids received in excess of the ABC shall be automatically rejected at bid opening.