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The bid forms feature allows users to customize project bid forms based on associated trades. To set up a bid form, select a project from the project home screen and click on the bid forms tab. Begin by adding participants through the add participants button, with options to include contacts from other projects or the address book. Use the simple search option to efficiently add multiple participants based on their trade and location. The address book allows searches in both private and public databases by selecting the respective options. Additionally, filter contacts by their designated work area or office location using the zip code in the location type field, and select the necessary trades for the project.