Editing a freelancer's bid for a project that is already  in progress  requires the client's confirmation .

    Freelancers can easily edit theibids if the project is not yet awarded .

       1.  Go to the Proposals tab of the project page.

       2.  On top of the bids list is your bid. Click Edito make the changes you need done.

       3. You will be sent back to the Place a bid on this Project section of the project's Details tab where you can edit your bid amount, estimated deadline, proposal, and Proposed Milestones.

       4.  Click Update Bid to finish.

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    How do I change my bid amount?
    1. Sign in to your Google Ads account.
    2. Click Campaigns.
    3. Select the campaign you want to edit.
    4. Click Ad groups.
    5. Select the appropriate ad group from the list.
    6. Click the pencil button. in the “Default max. CPC” bid column.
    7. Enter a new amount.
    8. Click Save.
    How is bid amount calculated?
    In the bid-ask formula, we find out the difference between the price the sellers ask and the price of the buyer's bid. We can see from the bid-ask example of Reliance Industries. For a buy quantity of 47, the bid price is 925.25, whereas the asking price is 925.30. Bid-Ask = 925.30 – 925.25 = 0.05. more
    What is the difference between amount billed and amount allowed?
    Billed charge – The charge submitted to the agency by the provider. Allowed charges – The total billed charges for allowable services. more
    Can you bid less than starting bid?
    If the final bid does not reach the minimum bid, the item remains unsold. In other words, the starting bid can be less than the minimum bid, but the item cannot be sold until it reaches the minimum bid. more
    What is the difference between open bid and closed bid?
    Competitive Bidding Bids are typically sealed and selection occurs through either an open bidding process, in which they are revealed in view of the bidders, or a closed bidding process, in which they are opened in a closed session. more
    What is bid and no bid?
    Bid/No-bid Decision—Definition A bid/no-bid decision process is a formal, rational process a contractor should undertake in order to determine whether to submit a bid/proposal or a no-bid letter in response to an invitation for bids ( IFB ) or a request for proposal ( RFP ) sent by a soliciting organization. more
    What is the difference between loan amount and amount financed?
    It means the amount of money you are borrowing from the lender, minus most of the upfront fees the lender is charging you. more
    What is pre-bid and post bid?
    Pre-bid is almost exclusively applied within programmatic environments—this is why pre-bid segments are most often found within a DSP's user interface. Post-bid blocking can be applied anywhere, not just on programmatic buys but on direct ones, too. more
    What is the difference between amount due and amount paid?
    As it relates to the seller of a good or service, the amount due is the total cost of the good or service, including taxes and other surcharges that may be applicable. Generally, it is due immediately but it can be paid later in some instances. It is generally inserted at the bottom of a bill. more
    What is the difference between total amount due and minimum amount due?
    The difference between the total amount due and the minimum amount due is simple to understand. While the total amount due is equal to your total expenditures on the card in any particular billing cycle, the minimum amount due is just a small percentage of the total amount spent. more
    Why is my amount financed lower than my loan amount?
    It means the amount of money you are borrowing from the lender, minus most of the upfront fees the lender is charging you. more

    Source: www.freelancer.com

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