ESBD_384901_1734045102662_05. Appendix B - Early Payment Program.pdf

This is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT), offered in partnership with Oxygen Finance Americas, Inc. The program provides vendors and active TxDOT suppliers the opportunity to receive accelerated payments in exchange for a discount. Key features include electronic invoice submissions to a single email address for all TxDOT divisions, time-stamped receipts, rejection notices within 1 business day, payments typically made within 10 business days, monthly remittance statements, and live supplier support.

The pricing structure involves a vendor-selected discount rate applied to payments made within 10 days (versus standard Net 30 terms). This early payment discount is calculated based on Texas Government Code, Chapter 2155.382, which allows state agencies to make early payments to vendors in exchange for discounts. The form requires vendors to provide company information, tax ID, contact details, and select their participation option. The document is dated October 2023 and includes a hyperlink to Oxygen Network's Supplier Terms of Use for additional program details.