diff --git a/CHANGELOG.md b/CHANGELOG.md
index 027acf0dee1515b49ac39e22f565f0e93cbf72c3..dd54f1e403571e6b5d9455203bd1f5c598a16774 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -9,6 +9,9 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Added
 - `--skip-linting` flag that allows to skip the linting step during build process - [#468](https://github.com/paritytech/cargo-contract/pull/468)
 
+## [1.0.1] - 2022-03-18
+- Improved error reporting during installation - [#468](https://github.com/paritytech/cargo-contract/pull/468)
+
 ## [1.0.0] - 2022-03-17
 
 ### Changed
diff --git a/Cargo.lock b/Cargo.lock
index 4285af3d371a26d849fa7fc5301dcb457f230bc1..f152bfdcc037e707598c65e50db5e9cc63a14bd4 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -465,7 +465,7 @@ dependencies = [
 
 [[package]]
 name = "cargo-contract"
-version = "1.0.0"
+version = "1.0.1"
 dependencies = [
  "anyhow",
  "assert_cmd",
diff --git a/Cargo.toml b/Cargo.toml
index 9d2b74741ffe30ce31b3f4b8ba05bd4cd0b2db8a..130aef9811ae76510ac98130e731793cee858aa6 100644
--- a/Cargo.toml
+++ b/Cargo.toml
@@ -3,7 +3,7 @@ members = [".", "metadata"]
 
 [package]
 name = "cargo-contract"
-version = "1.0.0"
+version = "1.0.1"
 authors = ["Parity Technologies <admin@parity.io>"]
 build = "build.rs"
 edition = "2021"
diff --git a/build.rs b/build.rs
index 23b0871112d17fdf8b27a1729b11207a2ea796cf..7b5618ed2eaf0b71b78be38456691ae31fa10628 100644
--- a/build.rs
+++ b/build.rs
@@ -70,6 +70,14 @@ fn zip_template_and_build_dylint_driver(manifest_dir: PathBuf, out_dir: PathBuf)
     let dylint_driver_dst_file = out_dir.join("ink-dylint-driver.zip");
 
     let ink_dylint_driver_dir = manifest_dir.join("ink_linting");
+    let ink_dylint_driver_dir = ink_dylint_driver_dir.canonicalize().map_err(|err| {
+        anyhow::anyhow!(
+            "Unable to canonicalize '{:?}': {:?}\nDoes the folder exist? {}",
+            ink_dylint_driver_dir,
+            err,
+            ink_dylint_driver_dir.exists()
+        )
+    })?;
 
     // The `ink_linting/Cargo.toml` file is named `_Cargo.toml` in the repository.
     // This is because we need to have the `ink_linting` folder part of the release,
@@ -85,24 +93,34 @@ fn zip_template_and_build_dylint_driver(manifest_dir: PathBuf, out_dir: PathBuf)
     // > * Any sub-packages will be skipped (any subdirectory that contains a Cargo.toml file).
     //
     // (from https://doc.rust-lang.org/cargo/reference/manifest.html#the-exclude-and-include-fields)
-    std::fs::rename(
-        ink_dylint_driver_dir.join("_Cargo.toml"),
-        ink_dylint_driver_dir.join("Cargo.toml"),
-    )?;
-
-    let res = build_and_zip_dylint_driver(
-        ink_dylint_driver_dir.clone(),
-        out_dir,
-        dylint_driver_dst_file,
-    );
+    let original_name = ink_dylint_driver_dir.join("_Cargo.toml");
+    if !original_name.exists() {
+        anyhow::bail!("'{:?}' does not exist", original_name);
+    }
+
+    let tmp_name = ink_dylint_driver_dir.join("Cargo.toml");
+    std::fs::rename(&original_name, &tmp_name).map_err(|err| {
+        anyhow::anyhow!(
+            "Failed renaming '{:?}' to '{:?}': {:?}",
+            original_name,
+            tmp_name,
+            err
+        )
+    })?;
+
+    let res = build_and_zip_dylint_driver(ink_dylint_driver_dir, out_dir, dylint_driver_dst_file);
 
     // After the build process of `ink_linting` happened we need to name back to the original
     // `_Cargo.toml` name, otherwise the directory would be "dirty" and  `cargo publish` would
     // fail with `Source directory was modified by build.rs during cargo publish`.
-    std::fs::rename(
-        ink_dylint_driver_dir.join("Cargo.toml"),
-        ink_dylint_driver_dir.join("_Cargo.toml"),
-    )?;
+    std::fs::rename(&tmp_name, &original_name).map_err(|err| {
+        anyhow::anyhow!(
+            "Failed renaming '{:?}' to '{:?}': {:?}",
+            tmp_name,
+            original_name,
+            err
+        )
+    })?;
 
     res
 }