NIC Inc. is going to build and manage an e-Government portal for the state of Vermont through a six year contract of worth $4 million.

The Vermont Information association, an NIC unit will manage the contract from its office in the state capital of Montpelier. According to contract terms, the association will supply the infrastructure to develop, maintain and host the state’s official e-Government portal. NIC will use a self-funding model in which transaction fees generate revenue to cover the development and operational costs. The three-year base contract has renewal; options for additional three years to cover the service through 2012. Currently NIC is managing state portal and providing e-Government services for 19 states.

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