ESBD_371111_1723153506691_06. Early Payment Program-Appendix B.pdf

This document is an appendix to the Early Payment Program for the State of Texas. It outlines the general terms and conditions for the Early Payment Program which allows approved suppliers to receive accelerated payments for goods and services provided to the State. The program is available to all suppliers regardless of size or type. Suppliers must enroll and be approved to participate in the program. Once enrolled, suppliers can submit invoices for payment and receive payment within 10 business days, faster than the standard 30-day net payment terms. The term of the program is one year with the option to renew for up to four additional one-year terms.

The appendix details the pricing structure for the accelerated payments, which includes a 1% discount fee. There are no set-asides or preferences given. Incumbent suppliers are eligible to participate. The program is funded through the State's general appropriations. Suppliers must meet certain financial and operational requirements to be approved for the program.