ESBD_372539_1723659630732_06._Early Payment Program-Appendix B.pdf

This document is an Appendix B to an Early Payment Program from the state government. It outlines the terms and conditions for the state's voluntary early payment program for approved vendors. The program allows vendors to receive partial payment for goods and services delivered before the final invoice date. Vendors must enroll in the program and agree to the terms in order to participate. Key details include the eligibility requirements, the payment schedule, calculation of the early payment discount, and the administrative process for submitting invoices and receiving payments. The program is designed to provide vendors with improved cash flow and liquidity in exchange for discounting a portion of their invoiced amounts. Pricing terms, funding sources, and contract durations are not explicitly stated in this Appendix.