We'd add in some padding because you don't know if something will need a bit more research or if the lead is going to come down with the flu or whatever. You write deadlines that are under the client's control, rather than yours, into the contract.
So you don't know exactly. But if you have a decent handle on the scope of work and aren't trying to solve wide-open problems, you can usually get pretty close.
Certainly, a lot of people don't have this level of experience in a domain. When I do similar work internally at a company now, people are often surprised that I can come up with time estimates (and meet them) pretty easily.
And frankly if you get too smug about it in a work environment you’re going to antagonize someone into scripting your job out of existence. So I wouldn’t pull on this thread too hard if I were you.
I think the only known-length task is a completed task.