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What if I can't make an accurate bid? Can I just estimate how much I will charge for the project?

You should not make any estimates. The information provided should be enough to decide how long it will take you to finish the project. If there is not enough info, use the message board to ask additional questions to the project creator before placing your bid. Remember, by placing a bid you enter into a legally binding contract. If you abuse this system you risk receiving poor reviews by others, and possibly being banned from 121Translation.

Related Topics:
How do I cancel a bid I placed?
How do I place a bid on a project?
Why can't I find the "Place Bid" button on the project page?
How do I update a bid I already placed on a project?
What if I have a question about a project that will help me place my bid?
How do I get a discount on commission?
What is "bid for the total project"?