ESBD_394310_1738859993759_06. Appendix B - 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 program offers TxDOT vendors and bidders enhanced flexibility and control over their business finances through features including centralized electronic invoice submissions, time-stamped receipt confirmation, rejection notices within 1 business day with revision instructions, and payments typically processed within 10 business days. The program includes live supplier support specialists to assist vendors through all invoicing and payment stages.

The EPP operates on a discount-based system where vendors can receive accelerated payments in exchange for an early payment discount rate, which must be specified as a percentage for 10 Days / Net 30 terms. This arrangement is governed by Texas Government Code, Chapter 2155.382, which allows state agencies to make early payments to vendors in exchange for discounts. The discount rate is calculated dynamically based on payment timing, with the final discount taken only if payment occurs before 30 days from invoice acceptance. Vendors must complete the enrollment form with company information, tax ID, contact details, and select their preferred participation option, including whether they want to enroll, receive a call from a support specialist, or decline participation.