ESBD_395929_1739395092543_05. Appendix B - Early Payment Program.pdf

This is an Early Payment Program (EPP) enrollment form from the Texas Department of Transportation (TxDOT), partnered with Oxygen Finance Americas, Inc., offering bidders and active TxDOT vendors the opportunity to enroll in expedited payment processing. The program provides vendors with electronic invoice submission capabilities to a single email address for all TxDOT divisions, with payments typically processed within 10 business days. Key features include time-stamped invoice receipts, rejection notices within 1 business day with revision instructions, monthly remittance statements, and live supplier support specialists.

The payment terms include a vendor-selected discount rate in exchange for early payment, as regulated under Texas Government Code, Chapter 2155.382. TxDOT allows EPP vendors to determine their discount rate based on business needs, with payments occurring within 10 days instead of the standard Net 30 terms. The form requires vendors to provide company information, tax ID/EIN, contact details, and billing information, along with their selected participation option. Direct deposits process within 1-3 business days after payment date, while paper checks may take up to 5 business days.