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In this video tutorial, the process of creating a new bid within the proposal program is demonstrated. The user starts by selecting 'New' from the file menu, which prompts them to choose a company to estimate for among multiple options. After selecting a default company, the user is prompted to select a customer from the customer list, with the option to add a new customer if none are available. The tutorial also mentions the capability to include existing design projects from the planner or image editor. Additionally, the user can opt not to use a project, allowing for quotes on non-design-related work, such as tear-out tasks.