Which of the following best describes the detailed estimating method?

The detailed estimating method is characterized by its comprehensive approach to cost estimation, which involves listing out all construction aspects and assigning specific costs to each element. This method provides a granular view of project expenses by breaking down every component of the construction process, including labor, materials, overhead, and profit margins. By detailing every aspect, the estimator ensures that nothing is overlooked, leading to a more accurate and reliable budget. This level of detail is especially important for complex projects where small costs can accumulate to significant amounts.

In contrast, other methods may utilize average costs, avoid specifying labor and material expenses, or concentrate solely on material costs, but they lack the thoroughness and precision that the detailed estimating method provides. Thus, the detailed estimating method stands out for its exhaustive nature in budgeting construction projects.