ESBD_392900_1738009922600_05. Appendix B - Early Payment Program.pdf

This document is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT), administered in partnership with Oxygen Finance Americas, Inc. The program offers TxDOT vendors and bidders the opportunity to receive expedited payments through electronic invoice submissions. Key features include time-stamped invoice processing, rejection notices within 1 business day, payments typically made within 10 business days, monthly remittance statements, and live supplier support for invoicing and payments.

The program requires vendors to accept a discount rate in exchange for early payment terms, as mandated by Texas Government Code, Chapter 2155.382. The discount rate is determined based on what best suits the vendor's business needs, with payments made within 10 days of invoice acceptance. The form requires basic company information, tax ID, contact details, and billing information. Vendors can choose to enroll immediately, request more information from a supplier support specialist, or decline participation. Direct deposits are processed 1-3 business days after payment, while paper checks may take up to 5 business days to receive.