diff --git a/app/models/deliverable.rb b/app/models/deliverable.rb
index 3517409..b83eb54 100644
--- a/app/models/deliverable.rb
+++ b/app/models/deliverable.rb
@@ -8,6 +8,7 @@ class Deliverable < ActiveRecord::Base
   belongs_to :manager, :class_name => 'User', :foreign_key => 'manager_id'
   has_many :labor_budgets
   has_many :overhead_budgets
+  has_many :fixed_budgets
   has_many :issues
 
   accepts_nested_attributes_for :labor_budgets
diff --git a/app/models/fixed_budget.rb b/app/models/fixed_budget.rb
new file mode 100644
index 0000000..783e560
--- /dev/null
+++ b/app/models/fixed_budget.rb
@@ -0,0 +1,10 @@
+class FixedBudget < ActiveRecord::Base
+  unloadable
+
+  # Associations
+  belongs_to :deliverable
+
+  # Validations
+
+  # Accessors
+end
diff --git a/db/migrate/015_create_fixed_budgets.rb b/db/migrate/015_create_fixed_budgets.rb
new file mode 100644
index 0000000..631d4f7
--- /dev/null
+++ b/db/migrate/015_create_fixed_budgets.rb
@@ -0,0 +1,19 @@
+class CreateFixedBudgets < ActiveRecord::Migration
+  def self.up
+    create_table :fixed_budgets do |t|
+      t.string :title
+      t.decimal :budget, :precision => 15, :scale => 4
+      t.string :markup
+      t.text :description
+      t.references :deliverable
+      
+      t.timestamps
+    end
+
+    add_index :fixed_budgets, :deliverable_id
+  end
+
+  def self.down
+    drop_table :fixed_budgets
+  end
+end
diff --git a/test/unit/deliverable_test.rb b/test/unit/deliverable_test.rb
index 6691318..694adc0 100644
--- a/test/unit/deliverable_test.rb
+++ b/test/unit/deliverable_test.rb
@@ -5,6 +5,7 @@ class DeliverableTest < ActiveSupport::TestCase
   should_belong_to :manager
   should_have_many :labor_budgets
   should_have_many :overhead_budgets
+  should_have_many :fixed_budgets
   should_have_many :issues
 
   should_validate_presence_of :title
diff --git a/test/unit/fixed_budget_test.rb b/test/unit/fixed_budget_test.rb
new file mode 100644
index 0000000..09c18d1
--- /dev/null
+++ b/test/unit/fixed_budget_test.rb
@@ -0,0 +1,6 @@
+require File.dirname(__FILE__) + '/../test_helper'
+
+class FixedBudgetTest < ActiveSupport::TestCase
+  should_belong_to :deliverable
+
+end