ESBD_393680_1738279543308_06. Early Payment Program.pdf

This is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT), in partnership with Oxygen Finance Americas, Inc. The program offers TxDOT vendors and bidders the opportunity to receive expedited payments in exchange for a discount, with payments typically processed within 10 business days of invoice submission. The program features include electronic invoice submissions to a centralized email address, time-stamped receipt confirmation, rejection notices within 1 business day, monthly remittance statements, and live supplier support specialists.

The pricing structure requires vendors to specify a discount percentage for 10-day/Net 30 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. Direct deposits are processed 1-3 business days after the payment date, while paper checks may take up to 5 business days. The form requires basic company information, including tax ID, contact details, and billing information, with options to enroll immediately, request more information, or decline participation.