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remaining the !o~~ bidder. No bid may be ~Withdrawn under this section when th$ result would be the awarding of the contract or another bid of the same bidder or of another bidder in which the ownership Of the withdrawing bidder is more than five percent (5%). If a bid is withdrawn pursuant to thms sectmon, the lowest responsive and responsible bidder shall be deemed to be '--- ~e ~zdder who-is' permitted to withdraw a bid pursuant to this ~ .... · shall, for compensation, supply any material or labor ~o ~ pe~for any' subcontract or other work agreement for t~e person or firm to whom the'contract is awarded or o~he~.' .~;~-~ benefmt,.d~ec~ly~ ~ ' or indirectly, from the performance of ~h~ p.roject for Which the withdrawn bid was submlEte . If the purchasing agent denies ~h~ withdrawal of a bid under ~e ' ' ~ · ~rov~smo~s of this section he shall notify the -bm=a~'=~=~ mn' ~riting_ stating the reasons'for his decision. Procedures'for the wm~hdrawal of bids for o~h~r than ~ .... ~ contracts shall be the s~me as provided by this section for construction contracts wn~n deemed~pplicable.. 'Section !I-l!7. Bm~ E~a!uation. Evsluation of bids shall be based upon the requirements set forth in the invitation, 'which may include special quali- fications of peue~_m=m contractors, life cycle costing, value ~[!~lanalysis?~.~nd any other criteria such as inspection, testing, ~,~ qua!ity~ v~or-~ans~p~ dellve~, a.~ su~uabllzuy.for' a particular ,.~purpose~ 'hhet[qua!itYhe of performanceof a bidder on previous · ~.a.~<~?'contracts~ ~ufficie~cy of the financial resources and - ~' ~ .'abmlmty o~ the bidder to perform the contract or provide the services, the ability of the bidder to provide future~maintenarice 'and service for the use of the subject of the contract 'and the bharacter,'~ntegrmty, reputa~mon,.judgment and experience of the bma~er, or such other factors as may be deemed mn.the b~su in~terest of the City. Section !1-118. ' B'i'~ Awe'rd. Bids shall be awarded to the sponsibie bidder~ When the terms lowest responsive and re- and conditions of multiple bids are so orovided in the invitation to bid, awards may be mac~ no more mnan one bi~der~ The City reserves the right to waive informalities in bids.