diff --git a/benchmarks/CompilerServiceBenchmarks/Program.fs b/benchmarks/CompilerServiceBenchmarks/Program.fs
index 386d8d95fb5..201856e3f98 100644
--- a/benchmarks/CompilerServiceBenchmarks/Program.fs
+++ b/benchmarks/CompilerServiceBenchmarks/Program.fs
@@ -7,7 +7,7 @@ open FSharp.Compiler.Text
 open FSharp.Compiler.AbstractIL
 open FSharp.Compiler.AbstractIL.IL
 open FSharp.Compiler.AbstractIL.ILBinaryReader
-open CodeAnalysis.Text
+open Microsoft.CodeAnalysis.Text
 open BenchmarkDotNet.Attributes
 open BenchmarkDotNet.Running
 
@@ -80,6 +80,49 @@ type SourceText with
     member this.ToFSharpSourceText() =
         SourceText.weakTable.GetValue(this, Runtime.CompilerServices.ConditionalWeakTable<_,_>.CreateValueCallback(SourceText.create))
 
+[<AutoOpen>]
+module Helpers =
+
+    let createProject name referencedProjects =
+        let tmpPath = Path.GetTempPath()
+        let file = Path.Combine(tmpPath, Path.ChangeExtension(name, ".fs"))
+        {
+            ProjectFileName = Path.Combine(tmpPath, Path.ChangeExtension(name, ".dll"))
+            ProjectId = None
+            SourceFiles = [|file|]
+            OtherOptions = 
+                Array.append [|"--optimize+"; "--target:library" |] (referencedProjects |> Array.ofList |> Array.map (fun x -> "-r:" + x.ProjectFileName))
+            ReferencedProjects =
+                referencedProjects
+                |> List.map (fun x -> (x.ProjectFileName, x))
+                |> Array.ofList
+            IsIncompleteTypeCheckEnvironment = false
+            UseScriptResolutionRules = false
+            LoadTime = DateTime()
+            UnresolvedReferences = None
+            OriginalLoadReferences = []
+            ExtraProjectInfo = None
+            Stamp = Some 0L (* set the stamp to 0L on each run so we don't evaluate the whole project again *)
+        }
+
+    let generateSourceCode moduleName =
+        sprintf """
+module Benchmark.%s
+
+type %s =
+
+    val X : int
+
+    val Y : int
+
+    val Z : int
+
+let function%s (x: %s) =
+    let x = 1
+    let y = 2
+    let z = x + y
+    z""" moduleName moduleName moduleName moduleName
+
 [<MemoryDiagnoser>]
 type CompilerService() =
 
@@ -112,7 +155,7 @@ type CompilerService() =
     [<GlobalSetup>]
     member __.Setup() =
         match checkerOpt with
-        | None -> checkerOpt <- Some(FSharpChecker.Create())
+        | None -> checkerOpt <- Some(FSharpChecker.Create(projectCacheSize = 200))
         | _ -> ()
 
         match sourceOpt with
@@ -127,18 +170,9 @@ type CompilerService() =
                 |> Array.map (fun x -> (x.Location))
                 |> Some
         | _ -> ()
-    
-    [<IterationSetup(Target = "Parsing")>]
-    member __.ParsingSetup() =
-        match checkerOpt with
-        | None -> failwith "no checker"
-        | Some(checker) ->
-            checker.InvalidateAll()
-            checker.ClearLanguageServiceRootCachesAndCollectAndFinalizeAllTransients()
-            checker.ParseFile("dummy.fs", SourceText.ofString "dummy", parsingOptions) |> Async.RunSynchronously |> ignore
 
     [<Benchmark>]
-    member __.Parsing() =
+    member __.ParsingTypeCheckerFs() =
         match checkerOpt, sourceOpt with
         | None, _ -> failwith "no checker"
         | _, None -> failwith "no source"
@@ -146,11 +180,15 @@ type CompilerService() =
             let results = checker.ParseFile("TypeChecker.fs", source.ToFSharpSourceText(), parsingOptions) |> Async.RunSynchronously
             if results.ParseHadErrors then failwithf "parse had errors: %A" results.Errors
 
-    [<IterationSetup(Target = "ILReading")>]
-    member __.ILReadingSetup() =
-        // With caching, performance increases an order of magnitude when re-reading an ILModuleReader.
-        // Clear it for benchmarking.
-        ClearAllILModuleReaderCache()
+    [<IterationCleanup(Target = "ParsingTypeCheckerFs")>]
+    member __.ParsingTypeCheckerFsSetup() =
+        match checkerOpt with
+        | None -> failwith "no checker"
+        | Some(checker) ->
+            checker.InvalidateAll()
+            checker.ClearLanguageServiceRootCachesAndCollectAndFinalizeAllTransients()
+            checker.ParseFile("dummy.fs", SourceText.ofString "dummy", parsingOptions) |> Async.RunSynchronously |> ignore
+            ClearAllILModuleReaderCache()
 
     [<Benchmark>]
     member __.ILReading() =
@@ -198,6 +236,85 @@ type CompilerService() =
                 )
             )
 
+    [<IterationCleanup(Target = "ILReading")>]
+    member __.ILReadingSetup() =
+        // With caching, performance increases an order of magnitude when re-reading an ILModuleReader.
+        // Clear it for benchmarking.
+        ClearAllILModuleReaderCache()
+
+    member val TypeCheckFileWith100ReferencedProjectsOptions =
+        createProject "MainProject"
+            [ for i = 1 to 100 do
+                yield 
+                    createProject ("ReferencedProject" + string i) []
+            ]
+
+    member this.TypeCheckFileWith100ReferencedProjectsRun() =
+        let options = this.TypeCheckFileWith100ReferencedProjectsOptions
+        let file = options.SourceFiles.[0]
+
+        match checkerOpt with
+        | None -> failwith "no checker"
+        | Some checker ->
+            let parseResult, checkResult =                                                                
+                checker.ParseAndCheckFileInProject(file, 0, SourceText.ofString (File.ReadAllText(file)), options)
+                |> Async.RunSynchronously
+
+            if parseResult.Errors.Length > 0 then
+                failwithf "%A" parseResult.Errors
+
+            match checkResult with
+            | FSharpCheckFileAnswer.Aborted -> failwith "aborted"
+            | FSharpCheckFileAnswer.Succeeded checkFileResult ->
+
+                if checkFileResult.Errors.Length > 0 then
+                    failwithf "%A" checkFileResult.Errors
+
+    [<IterationSetup(Target = "TypeCheckFileWith100ReferencedProjects")>]
+    member this.TypeCheckFileWith100ReferencedProjectsSetup() =
+        this.TypeCheckFileWith100ReferencedProjectsOptions.SourceFiles
+        |> Seq.iter (fun file ->
+            File.WriteAllText(file, generateSourceCode (Path.GetFileNameWithoutExtension(file)))
+        )
+
+        this.TypeCheckFileWith100ReferencedProjectsOptions.ReferencedProjects
+        |> Seq.iter (fun (_, referencedProjectOptions) ->
+            referencedProjectOptions.SourceFiles
+            |> Seq.iter (fun file ->
+                File.WriteAllText(file, generateSourceCode (Path.GetFileNameWithoutExtension(file)))
+            )
+        )
+
+        this.TypeCheckFileWith100ReferencedProjectsRun()
+
+    [<Benchmark>]
+    member this.TypeCheckFileWith100ReferencedProjects() =
+        // Because the checker's projectcachesize is set to 200, this should be fast.
+        // If set to 3, it will be almost as slow as re-evaluating all project and it's projects references on setup; this could be a bug or not what we want.
+        this.TypeCheckFileWith100ReferencedProjectsRun()
+
+    [<IterationCleanup(Target = "TypeCheckFileWith100ReferencedProjects")>]
+    member this.TypeCheckFileWith100ReferencedProjectsCleanup() =
+        this.TypeCheckFileWith100ReferencedProjectsOptions.SourceFiles
+        |> Seq.iter (fun file ->
+            try File.Delete(file) with | _ -> ()
+        )
+
+        this.TypeCheckFileWith100ReferencedProjectsOptions.ReferencedProjects
+        |> Seq.iter (fun (_, referencedProjectOptions) ->
+            referencedProjectOptions.SourceFiles
+            |> Seq.iter (fun file ->
+                try File.Delete(file) with | _ -> ()
+            )
+        )
+
+        match checkerOpt with
+        | None -> failwith "no checker"
+        | Some(checker) ->
+            checker.InvalidateAll()
+            checker.ClearLanguageServiceRootCachesAndCollectAndFinalizeAllTransients()
+            ClearAllILModuleReaderCache()
+
 [<EntryPoint>]
 let main argv =
     let _ = BenchmarkRunner.Run<CompilerService>()
diff --git a/benchmarks/Directory.Build.props b/benchmarks/Directory.Build.props
deleted file mode 100644
index bb8eac309b1..00000000000
--- a/benchmarks/Directory.Build.props
+++ /dev/null
@@ -1,3 +0,0 @@
-<Project>
-  <Import Project="$([MSBuild]::GetPathOfFileAbove('FSharp.Directory.Build.props', '$(MSBuildThisFileDirectory)../'))" />
-</Project>
diff --git a/benchmarks/Directory.Build.targets b/benchmarks/Directory.Build.targets
deleted file mode 100644
index ccd47cc0a9a..00000000000
--- a/benchmarks/Directory.Build.targets
+++ /dev/null
@@ -1,3 +0,0 @@
-<Project>
-  <Import Project="$([MSBuild]::GetPathOfFileAbove('FSharp.Directory.Build.targets', '$(MSBuildThisFileDirectory)../'))" />
-</Project>
diff --git a/eng/Version.Details.xml b/eng/Version.Details.xml
index f7bc5720dee..accc00e5562 100644
--- a/eng/Version.Details.xml
+++ b/eng/Version.Details.xml
@@ -3,9 +3,9 @@
   <ProductDependencies>
   </ProductDependencies>
   <ToolsetDependencies>
-    <Dependency Name="Microsoft.DotNet.Arcade.Sdk" Version="1.0.0-beta.19217.1">
+    <Dependency Name="Microsoft.DotNet.Arcade.Sdk" Version="1.0.0-beta.19218.1">
       <Uri>https://github.com/dotnet/arcade</Uri>
-      <Sha>4e21d52dabbb9f5705a90f097acb1465a0354c0d</Sha>
+      <Sha>46718d98c0fd03690a6a8c83da692a4a85a17902</Sha>
     </Dependency>
   </ToolsetDependencies>
 </Dependencies>
diff --git a/eng/common/CheckSymbols.ps1 b/eng/common/CheckSymbols.ps1
index 074b423245c..b8d84607b89 100644
--- a/eng/common/CheckSymbols.ps1
+++ b/eng/common/CheckSymbols.ps1
@@ -9,7 +9,8 @@ Add-Type -AssemblyName System.IO.Compression.FileSystem
 function FirstMatchingSymbolDescriptionOrDefault {
   param( 
     [string] $FullPath,                  # Full path to the module that has to be checked
-    [string] $TargetServerParam          # Parameter to pass to `Symbol Tool` indicating the server to lookup for symbols
+    [string] $TargetServerParam,         # Parameter to pass to `Symbol Tool` indicating the server to lookup for symbols
+    [string] $SymbolsPath
   )
 
   $FileName = [System.IO.Path]::GetFileName($FullPath)
@@ -33,9 +34,9 @@ function FirstMatchingSymbolDescriptionOrDefault {
 
   # DWARF file for a .dylib
   $DylibDwarf = $SymbolPath.Replace($Extension, ".dylib.dwarf")
-  
-  .\dotnet-symbol.exe --symbols --modules $TargetServerParam $FullPath -o $SymbolsPath -d | Out-Null
-  
+ 
+  .\dotnet-symbol.exe --symbols --modules --windows-pdbs $TargetServerParam $FullPath -o $SymbolsPath | Out-Null
+
   if (Test-Path $PdbPath) {
     return "PDB"
   }
@@ -73,8 +74,9 @@ function CountMissingSymbols {
   $MissingSymbols = 0
 
   $PackageId = [System.IO.Path]::GetFileNameWithoutExtension($PackagePath)
-  $ExtractPath = $ExtractPath + $PackageId;
-  $SymbolsPath = $ExtractPath + $PackageId + ".Symbols";
+  $PackageGuid = New-Guid
+  $ExtractPath = Join-Path -Path $ExtractPath -ChildPath $PackageGuid
+  $SymbolsPath = Join-Path -Path $ExtractPath -ChildPath "Symbols"
   
   [System.IO.Compression.ZipFile]::ExtractToDirectory($PackagePath, $ExtractPath)
 
@@ -84,10 +86,15 @@ function CountMissingSymbols {
   Get-ChildItem -Recurse $ExtractPath |
     Where-Object {$RelevantExtensions -contains $_.Extension} |
     ForEach-Object {
-      Write-Host -NoNewLine "`t Checking file" $_.FullName "... "
+      if ($_.FullName -Match "\\ref\\") {
+        Write-Host "`t Ignoring reference assembly file" $_.FullName
+        return
+      }
 
-      $SymbolsOnMSDL = FirstMatchingSymbolDescriptionOrDefault $_.FullName "--microsoft-symbol-server"
-      $SymbolsOnSymWeb = FirstMatchingSymbolDescriptionOrDefault $_.FullName "--internal-server"
+      $SymbolsOnMSDL = FirstMatchingSymbolDescriptionOrDefault $_.FullName "--microsoft-symbol-server" $SymbolsPath
+      $SymbolsOnSymWeb = FirstMatchingSymbolDescriptionOrDefault $_.FullName "--internal-server" $SymbolsPath
+
+      Write-Host -NoNewLine "`t Checking file" $_.FullName "... "
   
       if ($SymbolsOnMSDL -ne $null -and $SymbolsOnSymWeb -ne $null) {
         Write-Host "Symbols found on MSDL (" $SymbolsOnMSDL ") and SymWeb (" $SymbolsOnSymWeb ")"
@@ -116,18 +123,35 @@ function CountMissingSymbols {
 
 function CheckSymbolsAvailable {
   if (Test-Path $ExtractPath) {
-    Remove-Item -recurse $ExtractPath
+    Remove-Item $ExtractPath -Force  -Recurse -ErrorAction SilentlyContinue
   }
 
   Get-ChildItem "$InputPath\*.nupkg" |
     ForEach-Object {
       $FileName = $_.Name
+	  
+      # These packages from Arcade-Services include some native libraries that
+      # our current symbol uploader can't handle. Below is a workaround until
+      # we get issue: https://github.com/dotnet/arcade/issues/2457 sorted.
+      if ($FileName -Match "Microsoft\.DotNet\.Darc\.") {
+        Write-Host "Ignoring Arcade-services file: $FileName"
+        Write-Host
+        return
+      }
+      elseif ($FileName -Match "Microsoft\.DotNet\.Maestro\.Tasks\.") {
+        Write-Host "Ignoring Arcade-services file: $FileName"
+        Write-Host
+        return
+      }
+	  
       Write-Host "Validating $FileName "
       $Status = CountMissingSymbols "$InputPath\$FileName"
   
       if ($Status -ne 0) {
         Write-Error "Missing symbols for $Status modules in the package $FileName"
       }
+
+      Write-Host
     }
 }
 
diff --git a/fcs/Directory.Build.props b/fcs/Directory.Build.props
index 4c8aac0a5b6..50e4c3e67b5 100644
--- a/fcs/Directory.Build.props
+++ b/fcs/Directory.Build.props
@@ -20,4 +20,19 @@
     <IntermediateOutputPath>$(ArtifactsObjDir)\fcs</IntermediateOutputPath>
     <DisableCompilerRedirection>true</DisableCompilerRedirection>
   </PropertyGroup>
+
+  <!-- SDK targets override -->
+  <PropertyGroup>
+    <FSharpSourcesRoot>$(MSBuildThisFileDirectory)..\src</FSharpSourcesRoot>
+    <VersionPrefix>22.0.3</VersionPrefix>
+    <OtherFlags>--version:$(VersionPrefix)</OtherFlags>
+    <GenerateAssemblyVersionAttribute>false</GenerateAssemblyVersionAttribute>    
+    <!-- FSharp.Compiler.Tools is currently only used to get a working FSI.EXE to execute some scripts during the build -->
+    <!-- The LKG FSI.EXE requires MSBuild 15 to be installed, which is painful -->
+    <ToolsetFsiToolPath>$(FSharpSourcesRoot)\..\packages\FSharp.Compiler.Tools.4.1.27\tools</ToolsetFsiToolPath>
+    <ToolsetFsiToolExe>fsi.exe</ToolsetFsiToolExe>
+    <ProtoOutputPath>$(ArtifactsBinDir)\FSharp.Build\Proto\net472</ProtoOutputPath>
+    <FcsFSharpCorePkgVersion>4.6.2</FcsFSharpCorePkgVersion>
+    <FcsTargetNetFxFramework>net461</FcsTargetNetFxFramework>
+  </PropertyGroup>
 </Project>
diff --git a/fcs/FSharp.Compiler.Service.MSBuild.v12/FSharp.Compiler.Service.MSBuild.v12.fsproj b/fcs/FSharp.Compiler.Service.MSBuild.v12/FSharp.Compiler.Service.MSBuild.v12.fsproj
index 20e1f29af35..9f7b3d20b29 100644
--- a/fcs/FSharp.Compiler.Service.MSBuild.v12/FSharp.Compiler.Service.MSBuild.v12.fsproj
+++ b/fcs/FSharp.Compiler.Service.MSBuild.v12/FSharp.Compiler.Service.MSBuild.v12.fsproj
@@ -1,11 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <PropertyGroup>
-    <FSharpSourcesRoot>$(MSBuildProjectDirectory)\..\..\src</FSharpSourcesRoot>
-  </PropertyGroup>
-  <Import Project="..\fcs.props" />
   <Import Project="..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <DefineConstants>$(DefineConstants);CROSS_PLATFORM_COMPILER</DefineConstants>
     <DefineConstants>$(DefineConstants);ENABLE_MONO_SUPPORT</DefineConstants>
@@ -28,7 +24,7 @@
   <ItemGroup>
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <PackageReference Include="FSharp.Compiler.Service.MSBuild.v12.0" Version="1.0.0" />
     <ProjectReference Include="..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
diff --git a/fcs/FSharp.Compiler.Service.ProjectCracker/FSharp.Compiler.Service.ProjectCracker.fsproj b/fcs/FSharp.Compiler.Service.ProjectCracker/FSharp.Compiler.Service.ProjectCracker.fsproj
index 648f66924df..a9cb30ba0f7 100644
--- a/fcs/FSharp.Compiler.Service.ProjectCracker/FSharp.Compiler.Service.ProjectCracker.fsproj
+++ b/fcs/FSharp.Compiler.Service.ProjectCracker/FSharp.Compiler.Service.ProjectCracker.fsproj
@@ -1,8 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <Import Project="..\fcs.props" />
   <Import Project="..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
   </PropertyGroup>
   <PropertyGroup>
@@ -20,14 +19,14 @@
       <Link>ProjectCrackerOptions.fs</Link>
     </Compile>
     <Compile Include="ProjectCracker.fs" />
-    <Content Include="..\FSharp.Compiler.Service.ProjectCrackerTool\FSharp.Compiler.Service.ProjectCracker.targets" PackagePath="build\net461" />
-    <Content Include="$(ArtifactsBinDir)\fcs\net461\FSharp.Compiler.Service.ProjectCrackerTool.exe" PackagePath="utilities\net461" />
-    <Content Include="$(ArtifactsBinDir)\fcs\net461\FSharp.Compiler.Service.ProjectCrackerTool.exe.config" PackagePath="utilities\net461" />
+    <Content Include="..\FSharp.Compiler.Service.ProjectCrackerTool\FSharp.Compiler.Service.ProjectCracker.targets" PackagePath="build\$(FcsTargetNetFxFramework)" />
+    <Content Include="$(ArtifactsBinDir)\fcs\$(FcsTargetNetFxFramework)\FSharp.Compiler.Service.ProjectCrackerTool.exe" PackagePath="utilities\$(FcsTargetNetFxFramework)" />
+    <Content Include="$(ArtifactsBinDir)\fcs\$(FcsTargetNetFxFramework)\FSharp.Compiler.Service.ProjectCrackerTool.exe.config" PackagePath="utilities\$(FcsTargetNetFxFramework)" />
   </ItemGroup>
   <ItemGroup>
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <ProjectReference Include="..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
 </Project>
\ No newline at end of file
diff --git a/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCracker.targets b/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCracker.targets
index bd1c93e7979..ed01293adaf 100644
--- a/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCracker.targets
+++ b/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCracker.targets
@@ -1,7 +1,7 @@
 <?xml version="1.0" encoding="utf-8"?>
 <Project ToolsVersion="4.0"     xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
 <Target Name="ProjectCrackerToolCopy" AfterTargets="Build">
-    <Copy SourceFiles="$(MSBuildThisFileDirectory)\..\..\utilities\net461\FSharp.Compiler.Service.ProjectCrackerTool.exe" DestinationFolder="$(OutputPath)" />
-    <Copy SourceFiles="$(MSBuildThisFileDirectory)\..\..\utilities\net461\FSharp.Compiler.Service.ProjectCrackerTool.exe.config" DestinationFolder="$(OutputPath)" />
+    <Copy SourceFiles="$(MSBuildThisFileDirectory)..\..\utilities\net461\FSharp.Compiler.Service.ProjectCrackerTool.exe" DestinationFolder="$(OutputPath)" />
+    <Copy SourceFiles="$(MSBuildThisFileDirectory)..\..\utilities\net461\FSharp.Compiler.Service.ProjectCrackerTool.exe.config" DestinationFolder="$(OutputPath)" />
 </Target>
 </Project>
diff --git a/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCrackerTool.fsproj b/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCrackerTool.fsproj
index 3beb0e1f996..19789a96299 100644
--- a/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCrackerTool.fsproj
+++ b/fcs/FSharp.Compiler.Service.ProjectCrackerTool/FSharp.Compiler.Service.ProjectCrackerTool.fsproj
@@ -1,12 +1,8 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <PropertyGroup>
-    <FSharpSourcesRoot>$(MSBuildProjectDirectory)\..\..\src</FSharpSourcesRoot>
-  </PropertyGroup>
-  <Import Project="..\fcs.props" />
   <Import Project="..\netfx.props" />
   <PropertyGroup>
     <OutputType>Exe</OutputType>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <DefineConstants>$(DefineConstants);CROSS_PLATFORM_COMPILER</DefineConstants>
     <DefineConstants>$(DefineConstants);ENABLE_MONO_SUPPORT</DefineConstants>
@@ -23,7 +19,7 @@
     <None Include="paket.references" />
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <PackageReference Include="FSharp.Compiler.Service.MSBuild.v12.0" Version="1.0.0" />
   </ItemGroup>
 </Project>
diff --git a/fcs/FSharp.Compiler.Service.Tests/CSharp_Analysis/CSharp_Analysis.csproj b/fcs/FSharp.Compiler.Service.Tests/CSharp_Analysis/CSharp_Analysis.csproj
index 30d3c96317f..534a1435415 100644
--- a/fcs/FSharp.Compiler.Service.Tests/CSharp_Analysis/CSharp_Analysis.csproj
+++ b/fcs/FSharp.Compiler.Service.Tests/CSharp_Analysis/CSharp_Analysis.csproj
@@ -1,7 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
   <Import Project="..\..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461;netstandard2.0</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework);netstandard2.0</TargetFrameworks>
     <IsPackable>false</IsPackable>
     <NoWarn>$(NoWarn);0067;1591</NoWarn>
   </PropertyGroup>
diff --git a/fcs/FSharp.Compiler.Service.Tests/FSharp.Compiler.Service.Tests.fsproj b/fcs/FSharp.Compiler.Service.Tests/FSharp.Compiler.Service.Tests.fsproj
index 1fe39896aa0..9019c4f017a 100644
--- a/fcs/FSharp.Compiler.Service.Tests/FSharp.Compiler.Service.Tests.fsproj
+++ b/fcs/FSharp.Compiler.Service.Tests/FSharp.Compiler.Service.Tests.fsproj
@@ -1,11 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <PropertyGroup>
-    <FSharpSourcesRoot>$(MSBuildProjectDirectory)\..\..\src</FSharpSourcesRoot>
-  </PropertyGroup>
-  <Import Project="..\fcs.props" />
   <Import Project="..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461;netcoreapp2.0</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework);netcoreapp2.0</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <DefaultFSharpPackageVersion>4.1.19</DefaultFSharpPackageVersion>
     <NoWarn>$(NoWarn);44;75;</NoWarn>
@@ -81,7 +77,7 @@
     <None Include="App.config" />
   </ItemGroup>
   <ItemGroup>
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <PackageReference Include="Microsoft.NET.Test.Sdk" Version="15.6.0" />
     <PackageReference Include="NUnit" Version="3.9.0" />
     <PackageReference Include="NUnit3TestAdapter" Version="3.9.0" />
@@ -89,7 +85,7 @@
     <PackageReference Include="Dotnet.ProjInfo" Version="0.20.0" />
     <ProjectReference Include="..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="mscorlib" />
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
diff --git a/fcs/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj b/fcs/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj
index c992397a72f..257344d1e18 100644
--- a/fcs/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj
+++ b/fcs/FSharp.Compiler.Service/FSharp.Compiler.Service.fsproj
@@ -1,12 +1,8 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <PropertyGroup>
-    <FSharpSourcesRoot>$(MSBuildProjectDirectory)\..\..\src</FSharpSourcesRoot>
-  </PropertyGroup>
-  <Import Project="..\fcs.props" />
   <Import Project="..\netfx.props" />
   <Import Project="..\..\src\buildtools\buildtools.targets" />
- <PropertyGroup>
-    <TargetFrameworks>net461;netstandard2.0</TargetFrameworks>
+  <PropertyGroup>
+    <TargetFrameworks>$(FcsTargetNetFxFramework);netstandard2.0</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <DefineConstants>$(DefineConstants);COMPILER</DefineConstants>
     <DefineConstants>$(DefineConstants);BUILD_FROM_SOURCE</DefineConstants>
@@ -638,7 +634,7 @@
     </Compile>
   </ItemGroup>
   <ItemGroup>
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <PackageReference Include="System.Collections.Immutable" Version="1.5.0" />
     <PackageReference Include="System.Reflection.Metadata" Version="1.6.0" />
   </ItemGroup>
@@ -650,7 +646,7 @@
     <PackageReference Include="System.Runtime.Loader" Version="4.0.0" />
     <PackageReference Include="System.Security.Cryptography.Algorithms" Version="4.3.0" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
     <Reference Include="ISymWrapper, Version=4.0.0.0, Culture=neutral, PublicKeyToken=b03f5f7f11d50a3a" />
diff --git a/fcs/README.md b/fcs/README.md
index ac97222a3c6..f0126f369c8 100644
--- a/fcs/README.md
+++ b/fcs/README.md
@@ -28,7 +28,7 @@ There are subtle differences between FSharp.Compiler.Service and FSharp.Compiler
 FCS uses its own version number sequence for assemblies and packages, approximately following SemVer rules.
 To update the version number a global replace through fcs\... is currently needed, e.g.
 
-   fcs.props
+   Directory.Build.props
    nuget/FSharp.Compiler.Service.nuspec
    nuget/FSharp.Compiler.Service.MSBuild.v12.nuspec
    nuget/FSharp.Compiler.Service.ProjectCracker.nuspec
diff --git a/fcs/fcs.props b/fcs/fcs.props
deleted file mode 100644
index 207d1f8085b..00000000000
--- a/fcs/fcs.props
+++ /dev/null
@@ -1,14 +0,0 @@
-<?xml version="1.0" encoding="utf-8"?>
-<!-- Copyright (c) Microsoft Corporation.  All Rights Reserved.  See License.txt in the project root for license information. -->
-<Project ToolsVersion="4.0" DefaultTargets="Build" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
-  <PropertyGroup>
-
-    <VersionPrefix>22.0.3</VersionPrefix>
-    <OtherFlags>--version:$(VersionPrefix)</OtherFlags>
-    <GenerateAssemblyVersionAttribute>false</GenerateAssemblyVersionAttribute>    
-    <!-- FSharp.Compiler.Tools is currently only used to get a working FSI.EXE to execute some scripts during the build -->
-    <!-- The LKG FSI.EXE requires MSBuild 15 to be installed, which is painful -->
-    <ToolsetFsiToolPath>$(FSharpSourcesRoot)\..\packages\FSharp.Compiler.Tools.4.1.27\tools</ToolsetFsiToolPath>
-    <ToolsetFsiToolExe>fsi.exe</ToolsetFsiToolExe>
-  </PropertyGroup>
-</Project>
\ No newline at end of file
diff --git a/fcs/samples/EditorService/EditorService.fsproj b/fcs/samples/EditorService/EditorService.fsproj
index 25795d9299c..d71d6dc2913 100644
--- a/fcs/samples/EditorService/EditorService.fsproj
+++ b/fcs/samples/EditorService/EditorService.fsproj
@@ -1,8 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <Import Project="..\..\fcs.props" />
   <Import Project="..\..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461;netcoreapp2.0</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework);netcoreapp2.0</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <OutputType>Exe</OutputType>
     <IsPackable>false</IsPackable>
@@ -12,11 +11,11 @@
     <None Include="App.config" />
   </ItemGroup>
   <ItemGroup>
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <ProjectReference Include="..\..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
     <PackageReference Include="System.Reflection.Metadata" Version="1.6.0" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
   </ItemGroup>
diff --git a/fcs/samples/FscExe/FscExe.fsproj b/fcs/samples/FscExe/FscExe.fsproj
index a160f690d2f..97553e41249 100644
--- a/fcs/samples/FscExe/FscExe.fsproj
+++ b/fcs/samples/FscExe/FscExe.fsproj
@@ -1,8 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <Import Project="..\..\fcs.props" />
   <Import Project="..\..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <OutputType>Exe</OutputType>
     <IsPackable>false</IsPackable>
@@ -14,10 +13,10 @@
   </ItemGroup>
   <ItemGroup>
     <Reference Include="System.Runtime.Remoting" />
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <ProjectReference Include="..\..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
   </ItemGroup>
diff --git a/fcs/samples/FsiExe/FsiExe.fsproj b/fcs/samples/FsiExe/FsiExe.fsproj
index 4ce18ab142c..94a2534c0e2 100644
--- a/fcs/samples/FsiExe/FsiExe.fsproj
+++ b/fcs/samples/FsiExe/FsiExe.fsproj
@@ -1,8 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <Import Project="..\..\fcs.props" />
   <Import Project="..\..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <OutputType>Exe</OutputType>
     <IsPackable>false</IsPackable>
@@ -16,10 +15,10 @@
   <ItemGroup>
     <Reference Include="System.Runtime.Remoting" />
     <Reference Include="System.Windows.Forms" />
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <ProjectReference Include="..\..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
   </ItemGroup>
diff --git a/fcs/samples/InteractiveService/InteractiveService.fsproj b/fcs/samples/InteractiveService/InteractiveService.fsproj
index 75686578f21..bd834961496 100644
--- a/fcs/samples/InteractiveService/InteractiveService.fsproj
+++ b/fcs/samples/InteractiveService/InteractiveService.fsproj
@@ -1,8 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <Import Project="..\..\fcs.props" />
   <Import Project="..\..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <OutputType>Exe</OutputType>
     <IsPackable>false</IsPackable>
@@ -12,10 +11,10 @@
     <None Include="App.config" />
   </ItemGroup>
   <ItemGroup>
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <ProjectReference Include="..\..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
   </ItemGroup>
diff --git a/fcs/samples/Tokenizer/Tokenizer.fsproj b/fcs/samples/Tokenizer/Tokenizer.fsproj
index 75686578f21..bd834961496 100644
--- a/fcs/samples/Tokenizer/Tokenizer.fsproj
+++ b/fcs/samples/Tokenizer/Tokenizer.fsproj
@@ -1,8 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <Import Project="..\..\fcs.props" />
   <Import Project="..\..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <OutputType>Exe</OutputType>
     <IsPackable>false</IsPackable>
@@ -12,10 +11,10 @@
     <None Include="App.config" />
   </ItemGroup>
   <ItemGroup>
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <ProjectReference Include="..\..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
   </ItemGroup>
diff --git a/fcs/samples/UntypedTree/UntypedTree.fsproj b/fcs/samples/UntypedTree/UntypedTree.fsproj
index 75686578f21..bd834961496 100644
--- a/fcs/samples/UntypedTree/UntypedTree.fsproj
+++ b/fcs/samples/UntypedTree/UntypedTree.fsproj
@@ -1,8 +1,7 @@
 <Project Sdk="Microsoft.NET.Sdk">
-  <Import Project="..\..\fcs.props" />
   <Import Project="..\..\netfx.props" />
   <PropertyGroup>
-    <TargetFrameworks>net461</TargetFrameworks>
+    <TargetFrameworks>$(FcsTargetNetFxFramework)</TargetFrameworks>
     <DisableImplicitFSharpCoreReference>true</DisableImplicitFSharpCoreReference>
     <OutputType>Exe</OutputType>
     <IsPackable>false</IsPackable>
@@ -12,10 +11,10 @@
     <None Include="App.config" />
   </ItemGroup>
   <ItemGroup>
-    <PackageReference Include="FSharp.Core" Version="4.6.2" />
+    <PackageReference Include="FSharp.Core" Version="$(FcsFSharpCorePkgVersion)" />
     <ProjectReference Include="..\..\FSharp.Compiler.Service\FSharp.Compiler.Service.fsproj" />
   </ItemGroup>
-  <ItemGroup Condition="'$(TargetFramework)' == 'net461'">
+  <ItemGroup Condition="'$(TargetFramework)' == '$(FcsTargetNetFxFramework)'">
     <Reference Include="System.Runtime" />
     <Reference Include="System.IO" />
   </ItemGroup>
diff --git a/global.json b/global.json
index fec974408a0..cd0f7712fcc 100644
--- a/global.json
+++ b/global.json
@@ -10,7 +10,7 @@
     }
   },
   "msbuild-sdks": {
-    "Microsoft.DotNet.Arcade.Sdk": "1.0.0-beta.19217.1",
+    "Microsoft.DotNet.Arcade.Sdk": "1.0.0-beta.19218.1",
     "Microsoft.DotNet.Helix.Sdk": "2.0.0-beta.19069.2"
   }
 }