diff --git a/lib/redmine_contracts/budget_plugin_migration.rb b/lib/redmine_contracts/budget_plugin_migration.rb
index bbbcae2..b8efc0b 100644
--- a/lib/redmine_contracts/budget_plugin_migration.rb
+++ b/lib/redmine_contracts/budget_plugin_migration.rb
@@ -45,6 +45,23 @@ module RedmineContracts
           case old_deliverable['type']
           when 'FixedDeliverable'
             deliverable.total = old_deliverable['fixed_cost']
+            if old_deliverable['overhead_percent'].present?
+              budget = old_deliverable['fixed_cost'] * (old_deliverable['overhead_percent'].to_f / 100)
+              
+              deliverable.overhead_budgets << OverheadBudget.new(:deliverable => deliverable,
+                                                                 :budget => budget,
+                                                                 :hours => 0)
+            end
+          when 'HourlyDeliverable'
+            if old_deliverable['overhead_percent'].present?
+              budget = old_deliverable['total_hours'].to_f * old_deliverable['cost_per_hour'].to_f *
+                (old_deliverable['overhead_percent'].to_f / 100)
+              
+              deliverable.overhead_budgets << OverheadBudget.new(:deliverable => deliverable,
+                                                                 :budget => budget,
+                                                                 :hours => 0)
+            end
+
           else
             # no-op
           end
diff --git a/test/integration/budget_plugin_migration_test.rb b/test/integration/budget_plugin_migration_test.rb
index 401a4d3..56e0fe1 100644
--- a/test/integration/budget_plugin_migration_test.rb
+++ b/test/integration/budget_plugin_migration_test.rb
@@ -60,7 +60,7 @@ class BudgetPluginMigrationTest < ActionController::IntegrationTest
     end
 
     should "create a new Overhead Budget record for any overhead" do
-      assert_difference("OverheadBudget.count", 1) do
+      assert_difference("OverheadBudget.count", 3) do
         RedmineContracts::BudgetPluginMigration.migrate(@data)
       end
 
@@ -74,6 +74,22 @@ class BudgetPluginMigrationTest < ActionController::IntegrationTest
       assert_equal 0, overhead.hours
     end
 
+    should "create a new Overhead Budget record for any overhead percent" do
+      assert_difference("OverheadBudget.count", 3) do
+        RedmineContracts::BudgetPluginMigration.migrate(@data)
+      end
+
+      d = Deliverable.find_by_title("Deliverable 2")
+      assert_equal 1, d.overhead_budgets.count
+      assert_equal 12 * 25 * 1.5, d.overhead_budget_total # hourly
+
+      overhead = d.overhead_budgets.first
+      assert overhead
+      assert_equal 450, overhead.budget
+      assert_equal 0, overhead.hours
+
+    end
+
     context "converting Fixed Deliverables" do
       should "convert fixed_cost to total" do
         RedmineContracts::BudgetPluginMigration.migrate(@data)