Final answer:
Project partnering is a method of transforming contractual relationships into a cohesive, cooperative project team.
Step-by-step explanation:
The method of transforming contractual relationships into a cohesive, cooperative project team with a single set of goals and established procedures for resolving disputes in a timely and effective manner is called project partnering.
Project partnering involves building trust, promoting sustainability, effective communication, and negotiation skills. It requires identifying the right team members, developing clear tasks, and agreeing on conflict resolution processes beforehand.
By implementing project partnering, teams can overcome coordination problems, share responsibility and risks, and make collaborative decisions to achieve project success.