ESBD_373186_1723762711470_06. Early Payment Program-Appendix B.pdf

This document is an appendix to an Early Payment Program solicitation issued by the state of Texas. The appendix outlines the terms and conditions for the Early Payment Program, which allows vendors to receive accelerated payment for goods and services provided to the state. The program offers vendors the ability to receive payment within 10 days of invoice submission in exchange for a small discount on the invoice amount. The program is open to all vendors that have a current contract with the state of Texas. Vendors must enroll in the program and agree to the terms laid out in this appendix to participate. The appendix covers details such as eligibility requirements, enrollment process, payment terms, discount rates, and program administration.

The document provides the pricing structure for the program, including the discount rates that will be applied to accelerated payments. It also notes that the program is available to all current state contractors and does not have any set-asides or preferences. There is no information provided about incumbent vendors or the current contract environment. The program will be funded through the state's general operating budget, but the specific funding amounts are not disclosed.