ESBD_386483_1734545293953_06. Appendix B - Early Payment Program.pdf

This document is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT) in partnership with Oxygen Finance Americas, Inc. The form outlines TxDOT's program that offers vendors expedited payment processing in exchange for an early payment discount. The document, revised in October 2023, provides vendors with an opportunity to enroll in the program that features electronic invoice submissions, time-stamped receipt confirmation, and payments typically made within 10 business days.

The program's financial terms require participating vendors to accept a discount rate (percentage to be specified by vendor) for payments made within 10 days/Net 30. The discount is calculated proportionally based on the number of days the payment is accelerated, taken only if payment is made before 30 days from invoice acceptance. The form includes fields for company information, tax ID, contact details, and billing information. Direct deposits post 1-3 business days after payment, while paper checks may take up to 5 business days. TxDOT reserves the right to approve or reject proposed rates, and the program is administered under Texas Government Code, Chapter 2155.382.