diff --git a/lib/redmine_contracts/budget_plugin_migration.rb b/lib/redmine_contracts/budget_plugin_migration.rb
index 66c1d2c..bbbcae2 100644
--- a/lib/redmine_contracts/budget_plugin_migration.rb
+++ b/lib/redmine_contracts/budget_plugin_migration.rb
@@ -36,6 +36,12 @@ module RedmineContracts
           deliverable.contract = contract
           deliverable.manager = project.users.first          
 
+          if old_deliverable['overhead'].present?
+            deliverable.overhead_budgets << OverheadBudget.new(:deliverable => deliverable,
+                                                               :budget => old_deliverable['overhead'],
+                                                               :hours => 0)
+          end
+          
           case old_deliverable['type']
           when 'FixedDeliverable'
             deliverable.total = old_deliverable['fixed_cost']
diff --git a/test/integration/budget_plugin_migration_test.rb b/test/integration/budget_plugin_migration_test.rb
index 1893345..401a4d3 100644
--- a/test/integration/budget_plugin_migration_test.rb
+++ b/test/integration/budget_plugin_migration_test.rb
@@ -59,6 +59,21 @@ class BudgetPluginMigrationTest < ActionController::IntegrationTest
       assert_equal [@manager, @manager, @manager], Deliverable.all.collect(&:manager)
     end
 
+    should "create a new Overhead Budget record for any overhead" do
+      assert_difference("OverheadBudget.count", 1) do
+        RedmineContracts::BudgetPluginMigration.migrate(@data)
+      end
+
+      d = Deliverable.find_by_title("Deliverable One")
+      assert_equal 1, d.overhead_budgets.count
+      assert_equal 200, d.overhead_budget_total
+
+      overhead = d.overhead_budgets.first
+      assert overhead
+      assert_equal 200, overhead.budget
+      assert_equal 0, overhead.hours
+    end
+
     context "converting Fixed Deliverables" do
       should "convert fixed_cost to total" do
         RedmineContracts::BudgetPluginMigration.migrate(@data)