Builder's Purchase is a term used to describe the purchase of land for construction purposes. It involves the acquisition of a LOT, a SITE, and a PLOT. A LOT is a parcel of land, usually in a subdivision, that is designated for a specific purpose. A SITE is the location of a building or structure, typically with reference to its surrounding environment. A PLOT is an area of land that is designated for a particular purpose, such as a garden or a building. Together, these three components make up a Builder's Purchase.