1. The Local Government Unit of Tuao, Cagayan through TRUST FUND intends to apply the sum of  Php 3,565,000.00  being the Approved Budget for the Contract (ABC) to payments under  the contract for  PURCHASE & DELIVERY OF 3 UNITS BRAND NEW FARM TRACTOR WITH ROTARY TILLER & PROPELLER SHAFT. Bids received in excess of the ABC shall be automatically rejected at bid opening.