<Use the same, or similar wording as shown below (100-150 words)>A VFM assessment measures whether a P3 is the best option for a particular project. In the case of <name the project, and describe the two procurement methods compared>. The VFM for a project is the difference between the two costs. The goal of a P3 is to provide value; to do so, the P3 must cost less - measured by net present value - than the traditional method over the life of the contract.