System and method for generating cost estimation for damage restoration

An internet-based budget and reserve estimation system for recovery and restoration of property damage accessible by a user device connected to the internet via a network, comprising:

• a network-based non-transitory storage device storing a set of project data;
• a content server communicatively linked to the set of project data in the network-based non-transitory storage device, wherein the content server is configured to:
• be accessible to the user device over the network and display a graphic user interface on the user device;
• receive a preliminary set of project data entered from the user device via the graphic user interface, wherein the preliminary set of project data comprises:
• a square footage for a project, a number of calendar days to complete the project, and a project mitigation level selected from a list of mitigations levels;
• generate an initial project estimate and an estimate of required staff labor for the project based on the preliminary set of project data;
• and
• transmit the initial project estimate and the estimate of required staff labor to the user device for display;
• receive a detailed set of project data entered from the user device;
• update the initial project estimate according to the received detailed set of project data to generate a final project estimate;
• and
• transmit the final project estimate to the user device in real time for display in the graphical user interface.