An estimate that totals all material and labor quantities from the plans, item by item, to build up a price is BEST described as:
Explanation
A detailed estimate is built from a quantity takeoff: every material and labour item is measured off the plans and priced, item by item. A square-foot or conceptual estimate skips that and multiplies area by a historical rate, which is why it is used early and is far less accurate. An assembly or systems estimate sits between the two, pricing whole assemblies rather than individual quantities. A schedule of values is not an estimate at all — it is the breakdown of the agreed price used to support progress billings.
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