For the purposes of this article, the following words and phrases shall have the meanings respectively ascribed to them by this section:
An offer, submitted by a responsible bidder to furnish supplies, equipment or services in conformity with the specifications, delivery terms and conditions and other requirements included in the invitation for bids.
A bidder who submits a responsible bid, and who is not only financially responsible, but is possessed of the resources, judgment, skill, ability, capacity and integrity requisite and necessary to perform the contract according to its terms.
(Code 1964 § 2-3.108)