1. The National Irrigation Administration (NIA), through the Locally Funded Projects (LFPs) FS&DE 2022 intends to apply the sum of Twenty Million Four Hundred Eight Thousand Pesos (Php 20,408,000.00) being the Approved Budget for the Contract (ABC) to payments under the contract for Supply, Delivery, And Training of Geophysical Equipment & Range Finder (Lot 1) and Soil and Rock Field Testing & Sampling Equipment (Lot 2). Bids received in excess of the ABC shall be automatically rejected at bid opening.