ESBD_390680_1736890033930_09. Early Payment Program.pdf

This document is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT), created in partnership with Oxygen Finance Americas, Inc. The form outlines a program that allows TxDOT vendors and bidders to receive expedited payments through electronic invoice submissions, with rejection notices typically sent within 1 business day and payments processed within 10 business days.

The program offers vendors a choice to enroll with specific payment terms, requiring them to accept a discount rate in exchange for early payment (percentage to be specified on the form). The program is authorized under Texas Government Code, Chapter 2155.382, which allows state agencies to make early payments to vendors in exchange for discounts. The form requires basic company information, including tax ID, contact details, and billing information. Vendors can choose to enroll in the EPP with specified terms, request a call from a supplier support specialist, or decline participation. The form includes a confirmation that early payment discounts are dynamically calculated based on payment timing, with discounts only applied if payment is made before 30 days from invoice acceptance.