QB Issue Resolution:

An estimate is the function. You USE it to submit as a┬ábid or quote or proposal to the customer, or for documenting internally the requirements or expectation for this project. You don’t have to Invoice from it.

Resolution for Issue 'When will we be able to create a bid instead of an estimate?' available: Yes (Solved).
Source: Intuit Community forum.

When will we be able to create a bid instead of an estimate?: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

Support for bid or quote or proposal
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Error Recovery for bid or quote or proposal [Canada]
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Additional Support Options: