diff --git a/bootstrap.bat b/bootstrap.bat
index b735566922..9db20355d7 100644
--- a/bootstrap.bat
+++ b/bootstrap.bat
@@ -6,20 +6,20 @@ REM Distributed under the Boost Software License, Version 1.0.
 REM (See accompanying file LICENSE_1_0.txt or http://www.boost.org/LICENSE_1_0.txt)
 
 ECHO Building Boost.Jam build engine
-if exist ".\tools\jam\src\bin.ntx86\bjam.exe" del tools\jam\src\bin.ntx86\bjam.exe
-if exist ".\tools\jam\src\bin.ntx86_64\bjam.exe" del tools\jam\src\bin.ntx86_64\bjam.exe
-cd tools\jam\src
+if exist ".\tools\build\v2\engine\src\bin.ntx86\bjam.exe" del tools\build\v2\engine\src\bin.ntx86\bjam.exe
+if exist ".\tools\build\v2\engine\src\bin.ntx86_64\bjam.exe" del tools\build\v2\engine\src\bin.ntx86_64\bjam.exe
+cd tools\build\v2\engine\src
 
 call .\build.bat > ..\..\..\bjam.log
 @ECHO OFF
-cd ..\..\..
+cd ..\..\..\..\..
 
-if exist ".\tools\jam\src\bin.ntx86\bjam.exe" (
-   copy .\tools\jam\src\bin.ntx86\bjam.exe . > nul
+if exist ".\tools\build\v2\engine\src\bin.ntx86\bjam.exe" (
+   copy .\tools\build\v2\engine\src\bin.ntx86\bjam.exe . > nul
    goto :bjam_built)
 
-if exist ".\tools\jam\src\bin.ntx86_64\bjam.exe" (
-   copy .\tools\jam\src\bin.ntx86_64\bjam.exe . > nul
+if exist ".\tools\build\v2\engine\src\bin.ntx86_64\bjam.exe" (
+   copy .\tools\build\v2\engine\src\bin.ntx86_64\bjam.exe . > nul
    goto :bjam_built)
 
 goto :bjam_failure
diff --git a/bootstrap.sh b/bootstrap.sh
index b6b7f38940..7424606dc7 100755
--- a/bootstrap.sh
+++ b/bootstrap.sh
@@ -185,7 +185,7 @@ my_dir="."
 
 # Determine the toolset, if not already decided
 if test "x$TOOLSET" = x; then
-  guessed_toolset=`$my_dir/tools/jam/src/build.sh --guess-toolset`
+  guessed_toolset=`$my_dir/tools/build/v2/engine/src/build.sh --guess-toolset`
   case $guessed_toolset in
     acc | darwin | gcc | como | mipspro | pathscale | pgi | qcc | vacpp )
     TOOLSET=$guessed_toolset
@@ -215,7 +215,7 @@ rm -f config.log
 if test "x$BJAM" = x; then
   echo -n "Building Boost.Jam with toolset $TOOLSET... "
   pwd=`pwd`
-  (cd "$my_dir/tools/jam/src" && ./build.sh "$TOOLSET") > bootstrap.log 2>&1
+  (cd "$my_dir/tools/build/v2/engine/src" && ./build.sh "$TOOLSET") > bootstrap.log 2>&1
   if [ $? -ne 0 ]; then
       echo
       echo "Failed to build Boost.Jam" 
@@ -223,9 +223,9 @@ if test "x$BJAM" = x; then
       exit 1
   fi
   cd "$pwd"
-  arch=`cd $my_dir/tools/jam/src && ./bootstrap/jam0 -d0 -f build.jam --toolset=$TOOLSET --toolset-root= --show-locate-target && cd ..`
-  BJAM="$my_dir/tools/jam/src/$arch/bjam"
-  echo "tools/jam/src/$arch/bjam"
+  arch=`cd $my_dir/tools/build/v2/engine/src && ./bootstrap/jam0 -d0 -f build.jam --toolset=$TOOLSET --toolset-root= --show-locate-target && cd ..`
+  BJAM="$my_dir/tools/build/v2/engine/src/$arch/bjam"
+  echo "tools/build/v2/engine/src/$arch/bjam"
   cp "$BJAM" .
 fi
 
diff --git a/doc/Jamfile.v2 b/doc/Jamfile.v2
index 17100bf9b6..3584478b36 100644
--- a/doc/Jamfile.v2
+++ b/doc/Jamfile.v2
@@ -39,7 +39,7 @@ boostbook doc
     <dependency>../libs/date_time/xmldoc//gregorian_autodoc.xml
     <dependency>../libs/date_time/xmldoc//posix_time_autodoc.xml
     <dependency>../libs/date_time/xmldoc//local_time_autodoc.xml
-    <dependency>../tools/jam/doc//bjam
+    <dependency>../tools/build/v2/engine/doc//bjam
     <dependency>../tools/quickbook/doc//quickbook
     <dependency>../libs/interprocess/doc//autodoc.xml
     <dependency>../libs/interprocess/doc//interprocess
@@ -63,7 +63,7 @@ boostbook doc
     <implicit-dependency>../libs/proto/doc//proto
     <implicit-dependency>../libs/typeof/doc//typeof
     <implicit-dependency>../libs/xpressive/doc//xpressive
-    <implicit-dependency>../tools/jam/doc//bjam
+    <implicit-dependency>../tools/build/v2/engine/doc//bjam
     <implicit-dependency>../tools/quickbook/doc//quickbook
     <implicit-dependency>../libs/mpi/doc//mpi
     <implicit-dependency>../libs/interprocess/doc//interprocess
diff --git a/doc/pdf/Jamfile.v2 b/doc/pdf/Jamfile.v2
index ed5f2b9ed2..3567e0ea37 100644
--- a/doc/pdf/Jamfile.v2
+++ b/doc/pdf/Jamfile.v2
@@ -79,7 +79,7 @@ install pdf-install
     ../../libs/xpressive/doc//standalone
 
     ../../tools/boostbook/doc//boostbook
-    ../../tools/jam/doc//standalone
+    ../../tools/build/v2/engine/doc//standalone
     ../../tools/quickbook/doc//standalone
     ../../tools/bcp/doc//standalone
   :
diff --git a/more/getting_started/detail/build-from-source-head.rst b/more/getting_started/detail/build-from-source-head.rst
index 707a95ef85..ff72e4fc12 100644
--- a/more/getting_started/detail/build-from-source-head.rst
+++ b/more/getting_started/detail/build-from-source-head.rst
@@ -12,7 +12,7 @@ installing software.  To use it, you'll need an executable called
 .. _precompiled-bjam: http://sourceforge.net/project/showfiles.php?group_id=7586&package_id=72941
 .. .. _Boost.Jam documentation: Boost.Jam_
 .. _Boost.Build: ../../tools/build/index.html
-.. _Boost.Jam: ../../tools/jam/index.html
+.. _Boost.Jam: ../../tools/build/v2/engine/index.html
 .. _Boost.Build documentation: Boost.Build_
 
 Get ``bjam``
diff --git a/tools/build b/tools/build
index e4f774a694..498519f311 160000
--- a/tools/build
+++ b/tools/build
@@ -1 +1 @@
-Subproject commit e4f774a694ed00ec4aa74af49f27bf87b9881006
+Subproject commit 498519f31160ff5a750b7503a75f1f3cc47ef8a9
diff --git a/tools/inspect b/tools/inspect
index d014840711..104485a3e2 160000
--- a/tools/inspect
+++ b/tools/inspect
@@ -1 +1 @@
-Subproject commit d0148407117b54f1ed3174df54e07dbcd6049807
+Subproject commit 104485a3e227f216d7ee9a29db67db158210ce35
diff --git a/tools/regression/src/regression.py b/tools/regression/src/regression.py
index 36ca9550b2..47de795fd0 100644
--- a/tools/regression/src/regression.py
+++ b/tools/regression/src/regression.py
@@ -26,7 +26,7 @@ repo_path = {
     'trunk'         : 'trunk',
     'release'       : 'branches/release',
     'build'         : 'trunk/tools/build/v2',
-    'jam'           : 'tags/tools/jam/Boost_Jam_3_1_18/src',
+    'jam'           : 'trunk/tools/build/v2/engine',
     'regression'    : 'trunk/tools/regression',
     'boost-build.jam'
                     : 'trunk/boost-build.jam'
diff --git a/tools/regression/src/run_tests.sh b/tools/regression/src/run_tests.sh
index 12437bf827..3b936074b7 100644
--- a/tools/regression/src/run_tests.sh
+++ b/tools/regression/src/run_tests.sh
@@ -75,7 +75,7 @@ exe_suffix=
 # The location of the binary for running bjam. The default should work
 # under most circumstances.
 #
-bjam="$boost_root/tools/jam/src/bin/bjam$exe_suffix"
+bjam="$boost_root/tools/build/v2/engine/src/bin/bjam$exe_suffix"
 
 #
 # "process_jam_log", and "compiler_status" paths to built helper programs:
@@ -133,7 +133,7 @@ fi
 # rebuild bjam if required:
 #
 echo building bjam:
-cd "$boost_root/tools/jam/src" && \
+cd "$boost_root/tools/build/v2/engine/src" && \
 LOCATE_TARGET=bin sh ./build.sh
 if test $? != 0 ; then
     echo "bjam build failed."
diff --git a/tools/release/snapshot_posix.sh b/tools/release/snapshot_posix.sh
index 4824c5ccf1..95f3de02cc 100755
--- a/tools/release/snapshot_posix.sh
+++ b/tools/release/snapshot_posix.sh
@@ -20,13 +20,13 @@ svn export --non-interactive --native-eol LF http://svn.boost.org/svn/boost/bran
 
 #echo "Building bjam..."
 # failure to use an up-to-date copy of bjam has caused much wasted effort.
-#pushd posix/tools/jam/src
+#pushd posix/tools/build/v2/engine/src
 #./build.sh gcc
 #popd
 #
 #echo "Building docs..."
 #pushd posix/doc
-#../tools/jam/src/bin.cygwinx86/bjam --toolset=gcc &>../../posix-bjam.log
+#../tools/build/v2/engine/src/bin.cygwinx86/bjam --toolset=gcc &>../../posix-bjam.log
 #popd
 
 echo "Cleaning up and renaming..."