I believe to resolve this one you will need to contact the godaddy team an allow them to increase you max_execution_time on the server itself as this could be the issue as well.
I have got the same problem while installing the Real Estate Reference Site and cannot get the server fixed.
@shane is it possible to provide the link of the backup so i can import it straight to my wordpress instance?
The link in your last post is not visible...
Thanks a lot !
Thomas
This ticket is now closed. If you're a Toolset client and need related help, please open a new support ticket.