Bond of Qualifying Individual (BQI)

A Bond of Qualifying Individual is a surety bond required by the State of California Contractor State License Board (CSLB) in addition to the Contractor’s Bond in certain circumstances. The $12,500 surety bond is required if the license is qualified by a Responsible Managing Employee (RME) or, if the license is qualified by a Responsible Managing Officer (RMO) who owns less than 10% of the corporation’s voting stock.