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In this video tutorial, the presenter explains how to create a new bid within the proposal program. To start, users should navigate to the file menu and select "new," which prompts them to choose the company for which they are estimating. After selecting a company, users will pick a customer from their list, with the option to add a new customer if needed. Next, if there is a pre-existing project from either the planner or image editor, it will appear in the list. Alternatively, users can choose not to use a project, allowing for quotes on tasks not related to design, such as tear-out work.