ESBD_425588_1749154047882_09. Appendix B - Early Payment Program.pdf

The document is an Appendix B Early Payment Program (EPP) form from the Texas Department of Transportation (TxDOT), developed in partnership with Oxygen Finance Americas, Inc. The program is designed to offer bidders and active TxDOT vendors more flexibility and control over their business finances by providing enhanced invoicing and payment options. Key benefits include electronic invoice submissions, quick rejection notices within one business day, faster payments typically processed within 10 business days, monthly remittance statements for vendor reconciliation, and live supplier support throughout the invoicing and payment process.

The form allows vendors to opt into the Early Payment Program, with options for early payment terms and potential discounts for Texas State Agencies. Vendors can provide their company details, contact information, and indicate their interest in the program by completing the form. TxDOT notes that while early payments are offered, vendors are required to take a discount in return, as outlined in the Texas Government Code, Chapter 2155.382. The document includes a link to the Oxygen Network Supplier Terms of Use and provides additional contact information for vendors seeking more details about the program.