“…LIPs face significant governance challenges requiring contractual and relational governance and forms of collaboration among multiple organizations with often disparate goals, diverging interests, and varying levels of capabilities and resources (Roehrich & Lewis, 2014; Zheng et al, 2008). Research in PM, and related disciplines, has identified the challenges involved in organizing and managing LIPs in different environments (e.g., Davies et al, 2023; Shenhar & Dvir, 2007), and is beginning to address interorganizational project governance (e.g., Müller et al, 2023). Drawing upon a variety of theoretical perspectives on the governance of projects, programs, and project‐based organizations (Müller et al, 2023), however, PM research on the governance of projects has, with a few exceptions (e.g., Levitt et al, 2019), neglected to consider how key concepts of collaboration (e.g., Gulati et al, 2012), relational and contractual governance (Bercovitz & Tyler, 2014; Poppo & Zenger, 2002; Roehrich & Lewis, 2014), and coopetition (Bengtsson & Kock, 2000) apply to LIPs.…”