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Contractor License Bond - $25,000

A Contractor's Bond is a requirement for the issuance of an active license, reactivation of a license, and for the maintenance of an actively renewed license (Business and Professions Code Section 7071.6). The bond is filed for the benefit of consumers who may be damaged as a result of defective construction or other license law violations, and for the benefit of employees who have not been paid wages that are due to them.

Bond of Qualifying Individual (BQI) - $25,000

In addition to a Contractor's Bond, a Bond of Qualifying Individual may be required for the issuance of an active license. Bond of Qualifying Individual is required if the license is qualified by a Responsible Managing Employee (RME) or a Responsible Managing Officer (RMO) who does not own at least 10% of the voting stock of the corporation.

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