diff --git a/src/docs/BUILD.md b/src/docs/BUILD.md
index 1aee73bfb0..3b89995dc2 100644
--- a/src/docs/BUILD.md
+++ b/src/docs/BUILD.md
@@ -1,5 +1,8 @@
 # How to Build OpenVINO™ GenAI
 
+> **NOTE**: There is a known Python API issue with `ov::Tensor`. The issue is reproduced when building OpenVINO GenAI from sources while using OpenVINO from archives. Using `ov::Tensor` with OpenVINO GenAI fails. Possible errors: `TypeError: generate(): incompatible function arguments.`, `TypeError: __init__(): incompatible constructor arguments.`, `TypeError: Unregistered type : ov::Tensor`.
+The preferred approach is to build both OpenVINO and OpenVINO GenAI from sources using the same build environment. Or to install prebuilt OpenVINO GenAI from [distribution channels](https://docs.openvino.ai/2024/get-started/install-openvino.html).
+
 ## Build for Linux Systems
 
 ### Software Requirements 
@@ -10,20 +13,16 @@
 
 ### Build Instructions
 
-1. Clone OpenVINO GenAI repository and init submodules:
+1. Build and install OpenVINO from sources following the [instructions](https://github.com/openvinotoolkit/openvino/wiki#how-to-build).  
+The path to the openvino install directory is referred as <INSTALL_DIR> throughout the document.
+2. Clone OpenVINO GenAI repository and init submodules:
     ```sh
     git clone --recursive https://github.com/openvinotoolkit/openvino.genai.git
     cd openvino.genai
     ```
-2. Download OpenVINO archive and install dependencies:
-    ```sh
-    mkdir ./ov/
-    curl https://storage.openvinotoolkit.org/repositories/openvino/packages/pre-release/2024.3.0rc1/linux/l_openvino_toolkit_ubuntu20_2024.3.0.dev20240711_x86_64.tgz | tar --directory ./ov/ --strip-components 1 -xz
-    sudo ./ov/install_dependencies/install_openvino_dependencies.sh
-    ```
 3. Build the project:
     ```sh
-    source ./ov/setupvars.sh
+    source <INSTALL_DIR>/setupvars.sh
     cmake -DCMAKE_BUILD_TYPE=Release -S ./ -B ./build/
     cmake --build ./build/ --config Release --target package -j
     cmake --install ./build/ --config Release --prefix ov
@@ -40,21 +39,16 @@
 
 ### Build Instructions
 
-1. Clone OpenVINO GenAI repository and init submodules:
+1. Build and install OpenVINO from sources following the [instructions](https://github.com/openvinotoolkit/openvino/wiki#how-to-build)  
+The path to the openvino install directory is referred as <INSTALL_DIR> throughout the document.
+2. Clone OpenVINO GenAI repository and init submodules:
     ```sh
     git clone --recursive https://github.com/openvinotoolkit/openvino.genai.git
     cd openvino.genai
     ```
-2. Download OpenVINO archive and install dependencies:
-    ```sh
-    mkdir ./ov/
-    curl --output ov.zip https://storage.openvinotoolkit.org/repositories/openvino/packages/pre-release/2024.3.0rc1/windows/w_openvino_toolkit_windows_2024.3.0.dev20240711_x86_64.zip
-    unzip ov.zip
-    mklink /D ov w_openvino_toolkit_windows_2024.3.0.dev20240711_x86_64
-    ```
 3. Build the project:
     ```sh
-    call ov\setupvars.bat
+    call <INSTALL_DIR>\setupvars.bat
     cmake -DCMAKE_BUILD_TYPE=Release -S ./ -B ./build/
     cmake --build ./build/ --config Release --target package -j
     cmake --install ./build/ --config Release --prefix ov
@@ -77,19 +71,16 @@
 
 ### Build Instructions
 
-1. Clone OpenVINO GenAI repository and init submodules:
+1. Build and install OpenVINO from sources following the [instructions](https://github.com/openvinotoolkit/openvino/wiki#how-to-build)  
+The path to the openvino install directory is referred as <INSTALL_DIR> throughout the document.
+2. Clone OpenVINO GenAI repository and init submodules:
     ```sh
     git clone --recursive https://github.com/openvinotoolkit/openvino.genai.git
     cd openvino.genai
     ```
-2. Download OpenVINO archive and install dependencies:
-    ```sh
-    mkdir ./ov/
-    curl https://storage.openvinotoolkit.org/repositories/openvino/packages/pre-release/2024.3.0rc1/macos/m_openvino_toolkit_macos_12_6_2024.3.0.dev20240711_x86_64.tgz | tar --directory ./ov/ --strip-components 1 -xz
-    ```
 3. Build the project:
     ```sh
-    source ./ov/setupvars.sh
+    source <INSTALL_DIR>/setupvars.sh
     cmake -DCMAKE_BUILD_TYPE=Release -S ./ -B ./build/
     cmake --build ./build/ --config Release --target package -j
     cmake --install ./build/ --config Release --prefix ov