What is lien holdback. Question 20 options: 1) Money set aside for incomplete or deficient work. 2) Money set aside in case of any claims from workers. The amount is usually double the value of the claim. 3) Money set-aside from the prime contractor's payment, in case of error or omissions by the prime contractor. 4) Money set-aside from the prime contractor's progress payment. Usually, the amount is 10% of the contract value