What is the difference between project payment and labor cost

From the literal understanding, the project payment than the labor fee covers more services, the project payment contains the project contractor to do in addition to the labor, there may be engineering materials, machinery and equipment, such as the use of depreciation charges. So, the project generally have a budget before the commencement of construction, the end of the project there are final accounts. Settlement of course, must also provide the final report. Construction and installation industry invoices need to be claimed.

Labor fees are not so complicated, individuals can also provide labor, or the company can also organize their own employees to provide you with labor, these can be called labor fees. Labor fees need to claim? Services invoice.

Expanded:

Labors, i.e., remuneration for labor in personal income tax refers to the income obtained by an individual independently engaged in a variety of non-employment of various kinds of labor, which is different from wages and salaries income is that remuneration for labor is the income obtained by an independent individual engaging in a freelance occupation, while the Wage and salary income belongs to non-independent individual labor activities. That is, in the institutions and enterprises and institutions in the work, employment and remuneration, there is a relationship between employment and employment.

Remuneration for labor services is income: the income obtained by individuals engaged in design, decoration, installation, graphic laboratory, testing, medical, legal, accounting, consulting, lecturing, journalism, broadcasting, translation, auditing, painting, calligraphy, sculpture, film and television, sound recording, video recording, performances, performances, advertisements, exhibitions, technical services, referral services, brokerage services, agency services, as well as other labor services.

References:

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Baidu Encyclopedia-Labor Costs