24. The Stage 1 assessment comprises two parts, qualitative and quantitative. The project team will firstly need to undertake the qualitative part of assessment. If this indicates that PFI has the potential to deliver a VFM outcome then the project team must proceed to undertake the quantitative part of the assessment. If the qualitative part of the assessment does not suggest PFI would deliver VFM then the project team, with the agreement of the MOD PFU, need not complete the quantitative assessment and PFI will be ruled out as the procurement strategy.