ESBD_387102_1734642326919_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 a program that allows TxDOT vendors and bidders to receive expedited payments in exchange for a discount. Key features include electronic invoice submissions to a single email address, time-stamped receipt confirmation, rejection notices within 1 business day, payments typically made within 10 business days, monthly remittance statements, and live supplier support specialists.

The pricing terms involve a discount rate that vendors must accept in exchange for early payment, typically calculated at a percentage per 10 days/Net 30 basis. The early payment discount is proportional to the number of days the payment is accelerated and is only taken if payment is made before 30 days from invoice acceptance. The program is governed under Texas Government Code, Chapter 2155.382, which allows state agencies to make early payments to vendors in exchange for discounts. Direct deposits post 1-3 business days after payment, while paper checks may take up to 5 business days to receive.