One thing I’m going start doing when starting a new project is to initially create a directory for compiled 3rd party libraries in the new projects root. Maybe one for debug builds and one for release builds. Doing this will save a lot of time later, one is always created later in the projects lifecycle, but then it requires resetting all the references in the build system and the project files. This is important for building the project on a different box anyway (like for continuous integration). I think this gets really important when working off an OSS projects trunk source code so the working build always has the correct OSS build.
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