4.1 This stage is designed for project teams to test that the indicative VfM conclusion from Stage 1 is relevant in light of the specific characteristics of individual projects. Using both the qualitative and quantitative approach, Stage 2 should identify those projects for which, contrary to the conclusions reached at programme level, PFI is not likely to be a VfM procurement route. Stage 2 should also identify issues within projects that need further work in order to ensure that the original conclusions reached for the programme can be confidently translated at the project level. The assessment seeks to verify that the assumptions upon which the decision was taken to proceed with a PFI procurement route remain supportable in the light of prevailing market conditions in the lead up to issuing the OJEU Notice.