More Clarification: This was extracted form real USA construction project contract between owner and contractor. there are some problems/flows/ risks to both parties. owner perspective what are the risks/ flows? Contractor perspective Risks/ flows?

identify those issues?

come up with some amendments that will be fair for both parties and mutually can be acceptable before signing the contract.

I guess you are not expert. dont worry I will ask the refund for the useless service

The class will be divided into two groups - a group representing the Owner, and a group representing the Contractor. The following contract provisions will be negotiated between the two groups. Each group should identify their specific risks for the proposed provisions and argue how they would negotiate with the other party to minimize their own risk. Both parties want to settle on a mutually agreeable contract. Each of the provisions must be negotiated to the satisfaction of both parties. The Contractor shall achieve Substantial Completion of the entire Work not later than (>) days from the date of commencement, or as follows: (If appropriate, insert requirements for earlier Substantial Completion of certain portions of the Work.), subject to adjustments of the Contract Time as provided in the Contract Documents. In the event Contractor fails to complete the work by the Substantial Completion Date, Contractor shall pay Owner $10,000/day as liquidated damages for the delay