diff --git a/README.md b/README.md
index 921e2e45..33ce4be8 100644
--- a/README.md
+++ b/README.md
@@ -1,4 +1,4 @@
-# Welcome to EOSFactory v3.1.0
+# Welcome to EOSFactory v3.1.1
 
 [EOSFactory](http://eosfactory.io/) is a Python-based [EOS](https://eos.io) smart-contract development & testing framework, created by [Tokenika](https://tokenika.io).
 
diff --git a/README.rst b/README.rst
index 0673a0ca..43bf7203 100644
--- a/README.rst
+++ b/README.rst
@@ -1,5 +1,5 @@
 ============================
-Welcome to EOSFactory v3.1.0
+Welcome to EOSFactory v3.1.1
 ============================
 
 `EOSFactory <http://eosfactory.io/>`_ is a Python-based `EOS <https://eos.io>`_ smart-contract development & testing framework, created by `Tokenika <https://tokenika.io>`_.
diff --git a/docs/ReleaseNotes.md b/docs/ReleaseNotes.md
index bde0f3af..90f0fb00 100644
--- a/docs/ReleaseNotes.md
+++ b/docs/ReleaseNotes.md
@@ -1,11 +1,9 @@
-# EOSFactory Release Notes - v3.1.0
+# EOSFactory Release Notes - v3.1.1
 
 ## Compatibility
 
-EOSFactory [v3.1.0](https://github.com/tokenika/eosfactory/releases/tag/v3.1.0) is compatible with EOS [v1.7.1](https://github.com/EOSIO/eos/releases/tag/v1.7.1) and eosio.cdt [v1.6.1](https://github.com/EOSIO/eosio.cdt/releases/tag/v1.6.1).
+EOSFactory [v3.1.1](https://github.com/tokenika/eosfactory/releases/tag/v3.1.1) is compatible with EOS [v1.7.1](https://github.com/EOSIO/eos/releases/tag/v1.7.1) and eosio.cdt [v1.6.1](https://github.com/EOSIO/eosio.cdt/releases/tag/v1.6.1).
 
-## New features in v3.1.0
-* Compatibility with eosio.cdt version 1.6.1 that introduces substantial changes in the Smart-Contract API.
-* Removed methods *build_wast* and *build_abi* from the class *Contract* and from derived classes.
-* Removed *logger.hpp* logging facility.
-* Compatibility with [EOSIDE](https://eosfactory.io/eoside/html/index.html).
+## New features in v3.1.1
+* Gather console output from all actions (PR #155)
+* Support for arbitrary folder structure
diff --git a/docs/conf.py b/docs/conf.py
index f0bb5e7e..ee858e1d 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -26,7 +26,7 @@
 # The short X.Y version
 version = ''
 # The full version, including alpha/beta/rc tags
-release = '3.1.0'
+release = '3.1.1'
 
 
 # -- General configuration ---------------------------------------------------
diff --git a/docs/tutorials/01.InstallingEOSFactory.md b/docs/tutorials/01.InstallingEOSFactory.md
index ed0afee6..d14c6158 100644
--- a/docs/tutorials/01.InstallingEOSFactory.md
+++ b/docs/tutorials/01.InstallingEOSFactory.md
@@ -128,7 +128,7 @@ python3 -m eosfactory.config
 In the printout, you'll see a note about the nature of the active package:
 
 ```bash
-EOSFactory version 3.1.0.
+EOSFactory version 3.1.1.
 Dependencies:
 https://github.com/EOSIO/eos version 1.7.1
 https://github.com/EOSIO/eosio.cdt version 1.6.1
@@ -196,7 +196,7 @@ python3 -m eosfactory.config
 As a result, you should get data similar to this:
 
 ```bash
-EOSFactory version 3.1.0.
+EOSFactory version 3.1.1.
 Dependencies:
 https://github.com/EOSIO/eos version 1.7.1
 https://github.com/EOSIO/eosio.cdt version 1.6.1
diff --git a/eosfactory/core/config.py b/eosfactory/core/config.py
index 9e7c118d..cd6e153e 100644
--- a/eosfactory/core/config.py
+++ b/eosfactory/core/config.py
@@ -11,7 +11,7 @@
 import eosfactory.core.utils as utils
 
 
-VERSION = "3.1.0"
+VERSION = "3.1.1"
 EOSIO_VERSION = "1.7.1"
 EOSIO_CDT_VERSION = "1.6.1"
 PYTHON_VERSION = "3.5 or higher"