ESBD_429823_1750687413195_05. Appendix B - Early Payment Program.pdf

This document is an Appendix B for the Texas Department of Transportation's (TxDOT) Early Payment Program (EPP), developed in partnership with Oxygen Finance Americas, Inc. The program is designed to offer TxDOT bidders and active vendors enhanced financial flexibility through an early payment initiative. The EPP provides several key benefits, including electronic invoice submissions to one email address for all TxDOT divisions, quick invoice stamp/receipt processing, rapid rejection notices within 1 business day, faster payments typically made within 10 business days, monthly remittance statements for vendor reconciliation, and live supplier support specialist assistance throughout invoicing and payment stages.

The document is a voluntary enrollment form for vendors interested in participating in the EPP, which allows Texas State Agencies to make early payments to vendors in exchange for a discount. Vendors must complete the form with company details, contact information, and indicate their preference for payment terms (such as % / 10 Days / Net 30). The program includes a link to the Oxygen Network Supplier Terms of Use, and vendors can choose to be contacted by a supplier support specialist. TxDOT notes that direct deposits may take 1-3 business days after the payment date, and paper checks could take up to 5 business days to receive.