diff --git a/crates/cli/src/lib.rs b/crates/cli/src/lib.rs
index fd412df7..d7daba18 100644
--- a/crates/cli/src/lib.rs
+++ b/crates/cli/src/lib.rs
@@ -36,7 +36,7 @@ where
 
     if let Err(err) = build_result {
         err.report();
-        println!("{}", "Summary".purple().bold());
+        println!("\n{}", "Summary".purple().bold());
         println!(
             "    {} error(s), {}",
             err.len(),
@@ -44,7 +44,7 @@ where
         );
         process::exit(1);
     } else {
-        println!("{}", "Summary".purple().bold());
+        println!("\n{}", "Summary".purple().bold());
         println!(
             "    0 error, {}",
             format!("{warning_count} warning(s)").yellow(),
@@ -66,10 +66,10 @@ impl telemetry::EventListener for Terminal {
             } => {
                 println!(
                     "{} {} {} ({})",
-                    "Compiling".bold().purple(),
+                    "    Compiling".bold().purple(),
                     name.bold(),
                     version,
-                    root.to_str().unwrap_or("").bright_blue()
+                    root.display().bright_blue()
                 );
             }
             telemetry::Event::BuildingDocumentation {
@@ -79,45 +79,40 @@ impl telemetry::EventListener for Terminal {
             } => {
                 println!(
                     "{} {} {} ({})",
-                    "Generating documentation".bold().purple(),
+                    "   Generating documentation".bold().purple(),
                     name.bold(),
                     version,
                     root.to_str().unwrap_or("").bright_blue()
                 );
             }
-            telemetry::Event::ParsingProjectFiles => {
-                println!("{}", "...Parsing project files".bold().purple());
-            }
             telemetry::Event::WaitingForBuildDirLock => {
-                println!("{}", "...Waiting for build directory lock".bold().purple());
+                println!("{}", "Waiting for build directory lock ...".bold().purple());
             }
-            telemetry::Event::TypeChecking => {
-                println!("{}", "...Type-checking project".bold().purple());
-            }
-            telemetry::Event::GeneratingUPLC { output_path } => {
+            telemetry::Event::GeneratingUPLC { output_path, name } => {
                 println!(
-                    "{} in {}",
-                    "...Generating Untyped Plutus Core".bold().purple(),
-                    output_path.to_str().unwrap_or("").bright_blue()
+                    "{} {} in {}",
+                    "   Generating".bold().purple(),
+                    name.bold(),
+                    output_path.display().bright_blue()
                 );
             }
             telemetry::Event::GeneratingDocFiles { output_path } => {
                 println!(
                     "{} in {}",
-                    "...Generating documentation files".bold().purple(),
+                    "   Generating documentation files".bold().purple(),
                     output_path.to_str().unwrap_or("").bright_blue()
                 );
             }
             telemetry::Event::GeneratingUPLCFor { name, path } => {
                 println!(
                     "{} {}.{{{}}}",
-                    "...Generating Untyped Plutus Core for".bold().purple(),
+                    "   Generating Untyped Plutus Core for".bold().purple(),
                     path.to_str().unwrap_or("").blue(),
                     name.bright_blue(),
                 );
             }
             telemetry::Event::EvaluatingFunction { results } => {
-                println!("{}\n", "...Evaluating function".bold().purple());
+                println!("{}\n", "  Evaluating function ...".bold().purple());
 
                 let (max_mem, max_cpu) = find_max_execution_units(&results);
 
@@ -126,7 +121,7 @@ impl telemetry::EventListener for Terminal {
                 }
             }
             telemetry::Event::RunningTests => {
-                println!("{}\n", "...Running tests".bold().purple());
+                println!("{} {}\n", "      Testing".bold().purple(), "...".bold());
             }
             telemetry::Event::FinishedTests { tests } => {
                 let (max_mem, max_cpu) = find_max_execution_units(&tests);
@@ -158,11 +153,7 @@ impl telemetry::EventListener for Terminal {
                 }
             }
             telemetry::Event::DownloadingPackage { name } => {
-                println!(
-                    "{} {}",
-                    "...Downloading".bold().purple(),
-                    name.bright_blue()
-                )
+                println!("{} {}", "  Downloading".bold().purple(), name.bold())
             }
             telemetry::Event::PackagesDownloaded { start, count } => {
                 let elapsed = format!("{:.2}s", start.elapsed().as_millis() as f32 / 1000.);
@@ -172,10 +163,10 @@ impl telemetry::EventListener for Terminal {
                     _ => format!("{} packages in {}", count, elapsed),
                 };
 
-                println!("{} {}", "...Downloaded".bold().purple(), msg.bright_blue())
+                println!("{} {}", "   Downloaded".bold().purple(), msg.bold())
             }
             telemetry::Event::ResolvingVersions => {
-                println!("{}", "...Resolving versions".bold().purple(),)
+                println!("{}", "    Resolving versions".bold().purple(),)
             }
         }
     }
diff --git a/crates/project/src/lib.rs b/crates/project/src/lib.rs
index 324bcca7..160bc9bf 100644
--- a/crates/project/src/lib.rs
+++ b/crates/project/src/lib.rs
@@ -20,7 +20,7 @@ use aiken_lang::{
     IdGenerator,
 };
 use config::PackageName;
-use deps::{manifest::Package, UseManifest};
+use deps::UseManifest;
 use miette::NamedSource;
 use options::{CodeGenMode, Options};
 use pallas::{
@@ -166,6 +166,8 @@ where
     }
 
     pub fn compile(&mut self, options: Options) -> Result<(), Error> {
+        self.compile_deps()?;
+
         self.event_listener
             .handle_event(Event::StartingCompilation {
                 root: self.root.clone(),
@@ -173,8 +175,6 @@ where
                 version: self.config.version.clone(),
             });
 
-        self.compile_deps()?;
-
         self.read_source_files()?;
 
         let parsed_modules = self.parse_sources(self.config.name.clone())?;
@@ -185,10 +185,6 @@ where
 
         match options.code_gen_mode {
             CodeGenMode::Build(uplc_dump) => {
-                self.event_listener.handle_event(Event::GeneratingUPLC {
-                    output_path: self.output_path(),
-                });
-
                 let programs = self.code_gen(validators)?;
 
                 self.write_build_outputs(programs, uplc_dump)?;
@@ -248,7 +244,16 @@ where
         )?;
 
         for package in manifest.packages {
-            self.read_package_source_files(&package)?;
+            let lib = self.root.join(paths::build_deps_package(&package.name));
+
+            self.event_listener
+                .handle_event(Event::StartingCompilation {
+                    root: lib.clone(),
+                    name: package.name.to_string(),
+                    version: package.version.clone(),
+                });
+
+            self.read_package_source_files(&lib.join("lib"))?;
 
             let parsed_modules = self.parse_sources(package.name)?;
 
@@ -268,20 +273,13 @@ where
         Ok(())
     }
 
-    fn read_package_source_files(&mut self, package: &Package) -> Result<(), Error> {
-        let lib = self
-            .root
-            .join(paths::build_deps_package(&package.name))
-            .join("lib");
-
-        self.aiken_files(&lib, ModuleKind::Lib)?;
+    fn read_package_source_files(&mut self, lib: &Path) -> Result<(), Error> {
+        self.aiken_files(lib, ModuleKind::Lib)?;
 
         Ok(())
     }
 
     fn parse_sources(&mut self, package_name: PackageName) -> Result<ParsedModules, Error> {
-        self.event_listener.handle_event(Event::ParsingProjectFiles);
-
         let mut errors = Vec::new();
         let mut parsed_modules = HashMap::with_capacity(self.sources.len());
 
@@ -341,7 +339,6 @@ where
     }
 
     fn type_check(&mut self, mut parsed_modules: ParsedModules) -> Result<(), Error> {
-        self.event_listener.handle_event(Event::TypeChecking);
         let processing_sequence = parsed_modules.sequence()?;
 
         for name in processing_sequence {
@@ -546,6 +543,11 @@ where
                 &self.module_types,
             );
 
+            self.event_listener.handle_event(Event::GeneratingUPLC {
+                output_path: self.output_path().join(&module_name).join(&name),
+                name: format!("{}.{}", module_name, name),
+            });
+
             let program = generator.generate(body, arguments, true);
 
             let script = Script::new(
diff --git a/crates/project/src/telemetry.rs b/crates/project/src/telemetry.rs
index baab2f65..410c47b3 100644
--- a/crates/project/src/telemetry.rs
+++ b/crates/project/src/telemetry.rs
@@ -16,13 +16,12 @@ pub enum Event {
         version: String,
         root: PathBuf,
     },
-    ParsingProjectFiles,
-    TypeChecking,
     GeneratingDocFiles {
         output_path: PathBuf,
     },
     GeneratingUPLC {
         output_path: PathBuf,
+        name: String,
     },
     GeneratingUPLCFor {
         name: String,