diff --git a/CONTRIBUTING.md b/CONTRIBUTING.md
index 2635807684efb65386405aaff01b51f5605452a4..57dd08210e44a3e2445b2d3dfb823e9033758a9c 100644
--- a/CONTRIBUTING.md
+++ b/CONTRIBUTING.md
@@ -112,9 +112,9 @@ To make a new release, follow these instructions:
   ```
   VERSION=vX.Y.Z
   ```
-2. Build a release binary (this implicitly uses `$VERSION`):
+2. Build a release binary (this will set the `ks` version to `$VERSION`):
   ```
-  make
+  make install -e VERSION=$VERSION
   ```
 3. Add an appropriate tag. We do this via `git` (not the github UI) so that the tag is signed.  This process requires you to have write access to the real `master` branch (not your local fork).
   ```
diff --git a/Makefile b/Makefile
index 7ae9eb35bbe1765eb7a7a19c9a4a8b50dd9cc05c..74ba4c48605c2605aa0361ea379218f70dbe6e39 100644
--- a/Makefile
+++ b/Makefile
@@ -13,7 +13,7 @@
 #    See the License for the specific language governing permissions and
 #    limitations under the License.
 
-VERSION = v0.7.0
+VERSION = dev-$(shell date +%FT%T%z)
 
 GO = go
 EXTRA_GO_FLAGS =