diff --git a/CHANGELOG.md b/CHANGELOG.md
index 650c1d0..1f3aabd 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -15,6 +15,7 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 ### Changed
 
 - Changed JSR-305 dependency from `implementation` to `api`
+- Use cthing-projectversion library `ProjectVersion` object for project version
 
 ## [1.0.0] - 2023-12-22
 
diff --git a/README.md b/README.md
index 4ee9708..757afba 100644
--- a/README.md
+++ b/README.md
@@ -46,9 +46,9 @@ This project is released on the [Maven Central repository](https://central.sonat
 Perform the following steps to create a release.
 
 - Commit all changes for the release
-- In the `build.gradle.kts` file
-    - Ensure that `baseVersion` is set to the version for the release. The project follows [semantic versioning](https://semver.org/).
-    - Set `isSnapshot` to `false`
+- In the `build.gradle.kts` file, edit the `ProjectVersion` object
+    - Set the version for the release. The project follows [semantic versioning](https://semver.org/).
+    - Set the build type to `BuildType.release`
 - Commit the changes
 - Wait until CI builds the release candidate
 - Run the command `mkrelease cthing-annotations <version>`
@@ -61,9 +61,9 @@ Perform the following steps to create a release.
 - Wait for the new release to be available on Maven Central
 - In a browser, go to the project on GitHub
 - Generate a release with the tag `<version>`
-- In the build.gradle.kts file
-    - Increment the `baseVersion` patch number
-    - Set `isSnapshot` to `true`
+- In the build.gradle.kts file, edit the `ProjectVersion` object
+    - Increment the version patch number
+    - Set the build type to `BuildType.snapshot`
 - Update the `CHANGELOG.md` with the changes in the release and prepare for next release changes
 - Update the `Usage` section in the `README.md` with the latest artifact release version
 - Commit these changes
diff --git a/build.gradle.kts b/build.gradle.kts
index 7cfa10b..0212f22 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -1,5 +1,7 @@
 import com.github.spotbugs.snom.Effort
 import com.github.spotbugs.snom.Confidence
+import org.cthing.projectversion.BuildType
+import org.cthing.projectversion.ProjectVersion
 import java.text.SimpleDateFormat
 import java.util.Date
 import java.util.Locale
@@ -18,12 +20,16 @@ plugins {
     alias(libs.plugins.versions)
 }
 
-val baseVersion = "1.0.1"
-val isSnapshot = true
+buildscript {
+    repositories {
+        mavenCentral()
+    }
+    dependencies {
+        classpath(libs.cthingProjectVersion)
+    }
+}
 
-val isCIServer = System.getenv("CTHING_CI") != null
-val buildNumber = if (isCIServer) System.currentTimeMillis().toString() else "0"
-version = if (isSnapshot) "$baseVersion-$buildNumber" else baseVersion
+version = ProjectVersion("1.0.1", BuildType.snapshot)
 group = "org.cthing"
 description = "A library providing various annotations to enhance code quality and readability."
 
@@ -169,7 +175,8 @@ publishing {
         }
     }
 
-    val repoUrl = if (isSnapshot) findProperty("cthing.nexus.snapshotsUrl") else findProperty("cthing.nexus.candidatesUrl")
+    val repoUrl = if ((version as ProjectVersion).isSnapshotBuild)
+        findProperty("cthing.nexus.snapshotsUrl") else findProperty("cthing.nexus.candidatesUrl")
     if (repoUrl != null) {
         repositories {
             maven {
diff --git a/gradle/libs.versions.toml b/gradle/libs.versions.toml
index 026e778..c0e4c7d 100644
--- a/gradle/libs.versions.toml
+++ b/gradle/libs.versions.toml
@@ -10,5 +10,6 @@ spotbugs = { id = "com.github.spotbugs", version = "6.0.7" }
 versions = { id = "com.github.ben-manes.versions", version = "0.51.0" }
 
 [libraries]
+cthingProjectVersion = "org.cthing:cthing-projectversion:1.0.0"
 jsr305 = "com.google.code.findbugs:jsr305:3.0.2"
 spotbugsContrib = "com.mebigfatguy.sb-contrib:sb-contrib:7.6.4"