If a bid is withdrawn in accordance with the provisions of this act, the contracting body may award the contract to the next lowest bidder or reject all bids and resubmit the project for bidding. In the event the contracting body resubmits the project for bidding the withdrawing bidder shall pay the costs, in connection with the resubmission, of printing new contract documents, required advertising, and printing and mailing notices to prospective bidders, if the contracting authority finds that such costs would not have been incurred but for such withdrawal. In no event shall the withdrawing bidder be permitted to resubmit a bid for the project.