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In this video tutorial, the process of creating a new bid within the proposal program is demonstrated. Users start by selecting "New" from the file menu, which prompts them to choose the estimating company. After selecting a company, they must select a customer from their list and can add a new customer if needed. Once a customer is chosen, users can proceed to the next step. If there are existing projects created in the system, they will be displayed for selection. Additionally, there is an option to create a quote without using a specific project, accommodating quotes for tasks like tear-out work that do not require a design project.