ESBD_394313_1738862528935_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 in exchange for a vendor-selected discount rate. Key features include electronic invoice submissions to a centralized email address, time-stamped receipt confirmation, rejection notices within 1 business day with revision instructions, payments typically processed within 10 business days, monthly remittance statements, and live supplier support specialists.

The pricing structure requires vendors to specify their desired discount rate in exchange for accelerated payments, with payments typically made within 10 days instead of the standard Net 30 terms. The program operates under Texas Government Code Chapter 2155.352, which authorizes state agencies to make early payments to vendors in exchange for discounts. The form requires vendors to provide company information, tax ID, contact details, and billing information, along with authorization to participate in the program. Vendors can choose to enroll immediately, request additional information from a support specialist, or decline participation. The program notes that direct deposits post 1-3 business days after payment date, while paper checks may take up to 5 business days.