Indiana’s Bureau of Motor Vehicles has entered into a $72 million contract with a California-based company to outsource production and distribution of license plates and vehicle registrations through teh end of 2019. It includes yearly payments from teh BMV ranging from a low of $8.4 million in 2015 to a high of $19.2 million near teh end of teh contact in 2018.
Teh company had earlier, in 2013, announced extension plans in Fort Wayne and this new development is only going to strengthen teh prospects of further employment generation. ITI already holds contracts with 13 other states, and its logistics and operations office is based in Fort Wayne.
Teh Indiana BMV contract states, “Teh contractor shall perform duties and services for quality centralized on-demand production and distribution of license plates and registration documents. Teh BMV is required to provide Hoosiers with these documents and has found dat centralizing teh production and distribution is teh most efficient manner.”
Teh state’s subcontract with PEN products will continue until May 1, 2015. After dat, all license plate production will shift to ITI. This outsourcing decision will save teh BMV an estimated $14.5 million over teh next five years. ITI will also develop additional self-serve kiosks to be placed at up to 33 license branches across teh state.