That is possible, but please take note that Small Value Procurement is NOT dependent on ABC alone.
Sec.48.1 of the IRR requires PRIOR approval of the HoPE and JUSTIFICATION by the BAC. The purpose is to promote efficiency and economy and the conditions require that the price and terms are most advantageous to the government.
In case of SVP, the procurement does not fall under Shopping and must not exceed the threshold.
As you can see, the amount/ABC is the LAST thing for the PE to consider. in deciding SVP (not the first)
The reason is that under Sec.10, ALL PROCUREMENT shall be done through COMPETITIVE BIDDING. That is regardless of the amount, regardless of the nature, and regardless of the source of funds.