For the most part, a Bond of Qualifying Individual is very similar in structure to a contractor’s license bond and is also in the amount of $25,000 at the time of this writing. As such, rates for BQI’s are evaluated by sureties in much the same manner as standard contractor’s license bonds. As with a license bond, BQI rates will largely be based on the personal credit profile of the indemnitor, which in this case is the RMO or RME.