imported project "C:\Program Files\MSBuild\Microsoft\VisualStudio\v10.0\WebApplications\Microsoft.WebApplication.targets" was not found

 I received a project from a colleague who is using Microsoft Visual Studio.  He sent it in a 'RAR' file.   I 'unziped' the project into a folder and then tried to open the .csproj file.
I got the error below.  I do not have MS Visual Studio installed on my PC.  Is there any simple way to "convert" this Project to a SharpDevelop project file?

Here is the full Error Message on the opening of the .csproj file.

Can't load file GetSAPMaterialDescription.csproj under C:\Users\pearcth001\Documents\_Logistics IT\z dotNet\GetSAPMaterialDescription.
Check the file permission and the existence of that file.

The imported project "C:\Program Files\MSBuild\Microsoft\VisualStudio\v10.0\WebApplications\Microsoft.WebApplication.targets" was not found. Confirm that the path in the <Import> declaration is correct, and that the file exists on disk.  C:\Users\pearcth001\Documents\_Logistics IT\z dotNet\GetSAPMaterialDescription\GetSAPMaterialDescription.csproj