ESBD_412432_1745331093318_05. Early Payment Program-Appendix B.pdf

This document is an Appendix B form for the Texas Department of Transportation's (TxDOT) Early Payment Program (EPP), developed in partnership with Oxygen Finance Americas, Inc. The program aims to provide TxDOT vendors with enhanced financial flexibility by offering expedited invoice processing, electronic submission options, and faster payment terms. Key program benefits include electronic invoice submissions, rapid rejection notices within one business day, payments typically made within 10 business days, monthly remittance statements for vendor reconciliation, and dedicated supplier support specialists to assist vendors throughout the invoicing and payment process.

The form allows vendors to opt into the Early Payment Program, with options for early payment terms of % / 10 Days / Net 30, and requires vendors to provide comprehensive company contact information, including company name, tax ID, contact details, and billing information. TxDOT notes that Texas State Agencies are allowed to make early payments to vendors but are required to take a discount in return, as outlined in the Government Code, Chapter 2155.382. The document includes a link to the Oxygen Network Supplier Terms of Use and provides additional program information through a referenced website for interested vendors to learn more about the program's benefits and enrollment process.