If you are rethinking your bid on a project, or if you want to cancel it for any reason, you always have the option to retract your bid.
Just go to the project’s page, then locate your proposal among bids list. Click on the “Retract Bid” link located at the bottom right. When you are asked to confirm, click “Yes.”
Another way to do it would be to go to “My Projects.” Make sure you are on “Freelancer View,” then click on the “Active Bids” tab. You’ll see a list of projects you have bid on:
Click on the drop-down box next to the project that you would like to retract your bid from; then select “Retract Bid” under Action. You will automatically be taken to another page to confirm your decision:
Once you click on “Yes, Remove My Bid!” your bid will automatically be removed from the bid list. This means that the employer will no longer be able to see your bid or award you the project. If you change your mind, you will be able to bid on the project again as long as it is still open. By the way, any bid upgrade you purchased will not be refunded to your account.
Also keep in mind that the bid you retracted does not add back to your bid count. If you have 7/8 bids before retracting, you will still have 7/8 bids after. Additionally, you cannot retract a bid once the project has already been awarded to you.