Your builder has the option of providing one of two types of Closing Dates:

Firm Closing Date – For when your builder is confident the home can be completed by a specified date.  If the date is not met, your builder is required to provide Delayed Closing compensation.

Tentative Closing Date – For when your builder is less able to determine a precise date that the home can be completed.  For example, if construction has not yet started, or if there are unpredictable obstacles which could slow completion.  This option allows your builder to extend the Closing Date twice, by up to 120 days each time, without paying compensation.