ESBD_430801_1750860551318_8. Appendix B - Early Payment Program.pdf

This document is an Early Payment Program (EPP) form from the Texas Department of Transportation (TxDOT) in partnership with Oxygen Finance Americas, Inc. The form allows TxDOT vendors and bidders to enroll in a program that provides more flexibility and control over business finances through expedited payment processes. The EPP offers several key benefits, including electronic invoice submissions, time-stamped invoices, quick payment notifications, payments typically made within 10 business days, and live supplier support specialists to assist with invoicing and payment stages.

The program enables vendors to potentially receive early payment discounts, with TxDOT allowing vendors to determine the most suitable invoice discount rate based on Texas Government Code guidelines. Vendors can opt into the program by completing the form, which requires providing company details, contact information, and agreeing to the Oxygen Network Supplier Terms of Use. The form provides options for enrollment, including full participation, partial enrollment, or declining to join the program at the current time. Direct deposits are processed 1-3 business days after the payment date, with paper checks potentially taking up to 6 business days to receive.