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This video tutorial demonstrates how to create a new bid within the proposal program. By selecting 'New' in the file menu, users can choose the company they are estimating for. They can then select a customer from the list or add a new customer. If using a project from planner or image editor, it will be displayed, but users also have the option to not use a project for quoting on other tasks. Additionally, if multiple companies are involved, they can select the appropriate one before moving forward with the bid creation process.