ESBD_397352_1740001836509_06. Appendix B - 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 accelerated payments in exchange for a small discount. The form was revised in October 2023.

The program features electronic invoice submissions to a single email address for all TxDOT divisions, time-stamped receipt confirmation, rejection notices within 1 business day with revision instructions, and payments typically made within 10 business days. Vendors receive monthly remittance statements for reconciliation and have access to live supplier support specialists. The pricing terms involve a vendor-selected discount rate, with payments made in 10 days versus net 30. Early payment discounts are calculated based on the number of days the payment is accelerated, applied only if payment is made before 30 days from invoice acceptance. TxDOT reserves the right to approve or reject proposed rates, and vendors must be authorized representatives who agree to the Oxygen Network Supplier Terms of Use.