This is to certify that in the determination of the Approved Budget
for Contract ( ABC ) for P. R. No. S1-BAL21-013 for THE SUPPLY AND DELIVERY OF MATERIALS AND EQUIPMENT for Cost Center No. 5882123 due diligence has been exercised by the undersigned and that said ABC has been determined to be reasonable on the basis of prevailing market prices at the time of procurement and that the estimated cost is advantageous to the Corporation vis-à-vis the benefits resulting from this project. This is to further certify that there is no violation on any applicable rules and regulations regarding splitting of Purchase Requisition/Purchase Orders for the stated P.R.