What provision in a new-home contract for properties under construction allows the builder to request additional time to complete the construction of the home?

The correct provision in a new-home contract that allows the builder to request additional time for completion of construction is referred to as "time extensions." This provision is specifically designed to accommodate situations that may arise during the construction process, such as unforeseen delays related to weather conditions, supply chain issues, or other circumstances beyond the builder's control. By including time extensions in the contract, both the builder and the buyer can establish a clear understanding of how delays will be managed, ensuring that the builder is not penalized for issues that could delay the project.

This flexibility not only aids in maintaining a good relationship between the builder and the buyer but also helps set realistic expectations for project timelines. Buyers should be aware that these extensions may affect the overall timeline for their home completion but are a standard part of construction contracts to manage risk effectively.