diff --git a/src/Cake.Core/Packaging/PackageReference.cs b/src/Cake.Core/Packaging/PackageReference.cs
index 1b4b681afc..1b393ec583 100644
--- a/src/Cake.Core/Packaging/PackageReference.cs
+++ b/src/Cake.Core/Packaging/PackageReference.cs
@@ -4,8 +4,8 @@
 
 using System;
 using System.Collections.Generic;
-using System.Collections.ObjectModel;
 using System.Linq;
+using System.Text;
 
 namespace Cake.Core.Packaging
 {
@@ -44,6 +44,12 @@ public sealed class PackageReference
         /// <value>The package.</value>
         public string Package { get; }
 
+        /// <summary>
+        /// Gets the package version.
+        /// </summary>
+        /// <value>The package version.</value>
+        public string? Version { get; }
+
         /// <summary>
         /// Initializes a new instance of the <see cref="PackageReference"/> class.
         /// </summary>
@@ -85,11 +91,39 @@ public PackageReference(Uri uri)
                     nameof(uri));
             }
 
-            Uri address;
-            if (Uri.TryCreate(uri.AbsolutePath, UriKind.Absolute, out address))
+            if (Parameters.TryGetValue("version", out var versionParameters))
+            {
+                if (versionParameters.Count == 1)
+                {
+                    Version = versionParameters.FirstOrDefault();
+                }
+                else if (versionParameters.Count > 1)
+                {
+                    throw new ArgumentException(
+                        "Query string contains more than one parameter 'version'.",
+                        nameof(uri));
+                }
+            }
+
+            if (Uri.TryCreate(uri.AbsolutePath, UriKind.Absolute, out var address))
             {
                 Address = new Uri(address.AbsoluteUri);
             }
         }
+
+        /// <inheritdoc />
+        public override string ToString()
+        {
+            var stringBuilder = new StringBuilder();
+
+            stringBuilder.Append(Package);
+
+            if (!string.IsNullOrEmpty(Version))
+            {
+                stringBuilder.Append($" v{Version}");
+            }
+
+            return stringBuilder.ToString();
+        }
     }
 }
\ No newline at end of file
diff --git a/src/Cake.Core/Scripting/ScriptProcessor.cs b/src/Cake.Core/Scripting/ScriptProcessor.cs
index bcc3031fb4..c63377fc53 100644
--- a/src/Cake.Core/Scripting/ScriptProcessor.cs
+++ b/src/Cake.Core/Scripting/ScriptProcessor.cs
@@ -105,7 +105,7 @@ public IReadOnlyList<FilePath> InstallAddins(
                     if (assemblies.Count == 0)
                     {
                         const string format = "Failed to install addin '{0}'.";
-                        var message = string.Format(CultureInfo.InvariantCulture, format, addin.Package);
+                        var message = string.Format(CultureInfo.InvariantCulture, format, addin);
                         throw new CakeException(message);
                     }
 
@@ -230,8 +230,7 @@ private void InstallPackages(
 
         private void CheckPackageVersion(PackageReference packageReference, string directiveName)
         {
-            bool existsVersionParameter = packageReference.Parameters.Any(x => x.Key.Equals("version", StringComparison.OrdinalIgnoreCase));
-            if (!existsVersionParameter && !_skipPackageVersionCheck)
+            if (string.IsNullOrWhiteSpace(packageReference.Version) && !_skipPackageVersionCheck)
             {
                 const string message = "The '{0}' directive is attempting to install the '{1}' package \r\n" +
                                        "without specifying a package version number.  \r\n" +
diff --git a/src/Cake.Core/Scripting/ScriptRunner.cs b/src/Cake.Core/Scripting/ScriptRunner.cs
index 37dd842487..e045e52fdd 100644
--- a/src/Cake.Core/Scripting/ScriptRunner.cs
+++ b/src/Cake.Core/Scripting/ScriptRunner.cs
@@ -4,6 +4,7 @@
 
 using System;
 using System.Collections.Generic;
+using System.Diagnostics;
 using System.Linq;
 using System.Reflection;
 using Cake.Core.Configuration;
@@ -75,6 +76,8 @@ public void Run(IScriptHost host, FilePath scriptPath)
                 throw new ArgumentNullException(nameof(scriptPath));
             }
 
+            var preparationStopwatch = Stopwatch.StartNew();
+
             // Make the script path absolute.
             scriptPath = scriptPath.MakeAbsolute(_environment);
 
@@ -82,9 +85,14 @@ public void Run(IScriptHost host, FilePath scriptPath)
             _environment.WorkingDirectory = scriptPath.GetDirectory();
 
             // Analyze the script file.
+            var analyzeStopwatch = Stopwatch.StartNew();
+
             _log.Verbose("Analyzing build script...");
             var result = _analyzer.Analyze(scriptPath.GetFilename(), new ScriptAnalyzerSettings());
 
+            analyzeStopwatch.Stop();
+            _log.Verbose("Analyzed build script in {0}", analyzeStopwatch.Elapsed);
+
             // Log all errors and throw
             if (!result.Succeeded)
             {
@@ -98,10 +106,19 @@ public void Run(IScriptHost host, FilePath scriptPath)
 
             // Install tools.
             _log.Verbose("Processing build script...");
+
+            var toolsStopwatch = Stopwatch.StartNew();
+
             var toolsPath = GetToolPath(scriptPath.GetDirectory());
             _processor.InstallTools(result.Tools, toolsPath);
 
+            toolsStopwatch.Stop();
+            _log.Verbose("Installed tools in {0}", toolsStopwatch.Elapsed);
+
             // Install addins.
+
+            var addingsStopwatch = Stopwatch.StartNew();
+
             var addinRoot = GetAddinPath(scriptPath.GetDirectory());
             var addinReferences = _processor.InstallAddins(result.Addins, addinRoot);
             foreach (var addinReference in addinReferences)
@@ -109,6 +126,9 @@ public void Run(IScriptHost host, FilePath scriptPath)
                 result.References.Add(addinReference.FullPath);
             }
 
+            addingsStopwatch.Stop();
+            _log.Verbose("Installed addins in {0}", addingsStopwatch.Elapsed);
+
             // Create and prepare the session.
             var session = _engine.CreateSession(host);
 
@@ -167,6 +187,9 @@ public void Run(IScriptHost host, FilePath scriptPath)
             var defines = new HashSet<string>(result.Defines, StringComparer.Ordinal);
             defines.AddRange(_conventions.GetDefaultDefines());
 
+            preparationStopwatch.Stop();
+            _log.Verbose("Preparation took {0}, going to execute the script", preparationStopwatch.Elapsed);
+
             // Execute the script.
             var script = new Script(result.Namespaces, result.Lines, aliases, result.UsingAliases, result.UsingStaticDirectives, defines);
             session.Execute(script);
diff --git a/src/Cake.NuGet/Installers/InProcessInstaller.cs b/src/Cake.NuGet/Installers/InProcessInstaller.cs
index 5d60facb69..508394b8c3 100644
--- a/src/Cake.NuGet/Installers/InProcessInstaller.cs
+++ b/src/Cake.NuGet/Installers/InProcessInstaller.cs
@@ -211,7 +211,7 @@ public IReadOnlyCollection<IFile> Install(PackageReference package, PackageType
 
                 // If the installed package is not the target package, create a new PackageReference
                 // which is passed to the content resolver. This makes logging make more sense.
-                var installedPackageReference = isTargetPackage ? package : new PackageReference($"nuget:?package={packageToInstall.Id}");
+                var installedPackageReference = isTargetPackage ? package : new PackageReference($"nuget:?package={packageToInstall.Id}&version={packageToInstall.Version}");
                 var assemblies = _contentResolver.GetFiles(installPath, installedPackageReference, type);
                 if (assemblies.Count == 0)
                 {