diff --git a/README.md b/README.md
index 16f8957..74908ad 100644
--- a/README.md
+++ b/README.md
@@ -425,6 +425,12 @@ If the Hardhat project does not store its compilation artifacts in the default d
 dv init --project <PROJECT_PATH> --address <ADDRESS> --contractname <NAME> --implementation <IMPL_NAME> --implementationproject <IMPL_PROJECT_PATH> --implementationenv hardhat --implementationartifacts <IMPL_ARTIFACTS> new.dvf.json
 ```
 
+If you have to use an external build-info (i.e., you don't want `dv` to build the implementation project), you can specify the path to the implementation project's build-info directory with `--implementationbuildcache`:
+
+```
+dv init --project <PROJECT_PATH> --address <ADDRESS> --contractname <NAME> --implementation <IMPL_NAME> --implementationproject <IMPL_PROJECT_PATH> --implementationbuildcache <IMPL_BUILD_CACHE> new.dvf.json
+```
+
 Please note that this does not validate the implementation contract itself. If there are any security risks associated with the implementation contracts, you should create another DVF for it and then create a reference (see [References](#references)) from the original DVF to the implementation contract's DVF.
 
 ### Factories
diff --git a/src/dvf.rs b/src/dvf.rs
index bb0e9d9..6b696d3 100644
--- a/src/dvf.rs
+++ b/src/dvf.rs
@@ -451,7 +451,13 @@ fn main() {
                 .arg(
                     Arg::with_name("buildcache")
                         .long("buildcache")
-                        .help("Folder containing buildcache previously. Use with care")
+                        .help("Folder containing build-info files")
+                        .action(ArgAction::Set)
+                )
+                .arg(
+                    Arg::with_name("implementationbuildcache")
+                        .long("implementationbuildcache")
+                        .help("Folder containing build-info files of the implementation contract")
                         .action(ArgAction::Set)
                 )
                 .arg(
@@ -627,7 +633,7 @@ fn main() {
                 .arg(
                     Arg::with_name("buildcache")
                         .long("buildcache")
-                        .help("Folder containing buildcache previously. Use with care")
+                        .help("Folder containing build-info files")
                         .action(ArgAction::Set)
                 )
         )
@@ -740,6 +746,7 @@ fn process(matches: ArgMatches) -> Result<(), ValidationError> {
 
             let mut imp_env = *sub_m.get_one::<Environment>("implementationenv").unwrap();
             let imp_project = sub_m.value_of("implementationproject");
+            let mut imp_build_cache = sub_m.value_of("implementationbuildcache");
             let imp_artifacts = sub_m.value_of("implementationartifacts").unwrap();
             let imp_path: PathBuf;
             let imp_artifacts_path: PathBuf;
@@ -748,6 +755,7 @@ fn process(matches: ArgMatches) -> Result<(), ValidationError> {
             } else {
                 imp_path = path.clone();
                 imp_artifacts_path = artifacts_path.clone();
+                imp_build_cache = build_cache;
                 imp_env = env
             }
 
@@ -800,7 +808,11 @@ fn process(matches: ArgMatches) -> Result<(), ValidationError> {
             let init_code = web3::get_init_code(&config, &dumped.deployment_tx, &dumped.address)?;
 
             debug!("Fetching forge output");
-            print_progress("Compiling local code.", &mut pc, &progress_mode);
+            let compile_output = match build_cache {
+                None => "Compiling local code.",
+                Some(_) => "Loading build cache.",
+            };
+            print_progress(compile_output, &mut pc, &progress_mode);
             let mut project_info = ProjectInfo::new(
                 &dumped.contract_name,
                 &path,
@@ -889,7 +901,7 @@ fn process(matches: ArgMatches) -> Result<(), ValidationError> {
                     &imp_path,
                     imp_env,
                     &imp_artifacts_path,
-                    None,
+                    imp_build_cache,
                 )?;
 
                 print_progress(