1. The National Irrigation Administration (NIA), through the Continuing Corporate Operating Budget (COB) for 2022 and COB CY 2023 and intends to apply the sum of Seven Million Two Hundred Twenty-Seven Thousand Five Hundred Pesos (Php 7,227,500.00) being the Approved Budget for the contract (ABC) to payments under the contract for Supply and Delivery of Various Office Supplies. Bids received in excess of the ABC shall be automatically rejected at bid opening.