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In the YouTube tutorial, Alva from Cost Certified explains how to set up a proposal using the estimate tab in the software. Once the estimate is ready, the proposal can be sent out. To activate the new proposal view, click the edit switch at the top and then go to presentation settings at the bottom. Scroll down to activate the buying wizard, which helps customers view proposals. Save changes and turn off the edit switch. The buying wizard is an exciting update in Cost Certified.