diff --git a/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/GradleKotlinFrameworkSupportProvider.kt b/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/GradleKotlinFrameworkSupportProvider.kt
index fe6bf060ef9..78f200c137c 100644
--- a/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/GradleKotlinFrameworkSupportProvider.kt
+++ b/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/GradleKotlinFrameworkSupportProvider.kt
@@ -69,7 +69,7 @@ abstract class GradleKotlinFrameworkSupportProvider(
         var kotlinVersion = bundledRuntimeVersion()
         val additionalRepository = getRepositoryForVersion(kotlinVersion)
         if (isSnapshot(bundledRuntimeVersion())) {
-            kotlinVersion = "1.1-SNAPSHOT"
+            kotlinVersion = LAST_SNAPSHOT_VERSION
         }
 
         if (additionalRepository != null) {
diff --git a/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/KotlinDslGradleKotlinFrameworkSupportProvider.kt b/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/KotlinDslGradleKotlinFrameworkSupportProvider.kt
index 34bf18716b0..0f2b7216e9b 100644
--- a/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/KotlinDslGradleKotlinFrameworkSupportProvider.kt
+++ b/idea/idea-gradle/src/org/jetbrains/kotlin/idea/configuration/KotlinDslGradleKotlinFrameworkSupportProvider.kt
@@ -52,7 +52,7 @@ abstract class KotlinDslGradleKotlinFrameworkSupportProvider(
         var kotlinVersion = bundledRuntimeVersion()
         val additionalRepository = getRepositoryForVersion(kotlinVersion)
         if (isSnapshot(bundledRuntimeVersion())) {
-            kotlinVersion = "1.1-SNAPSHOT"
+            kotlinVersion = LAST_SNAPSHOT_VERSION
         }
 
         if (additionalRepository != null) {
diff --git a/idea/idea-jvm/src/org/jetbrains/kotlin/idea/configuration/ConfigureKotlinInProjectUtils.kt b/idea/idea-jvm/src/org/jetbrains/kotlin/idea/configuration/ConfigureKotlinInProjectUtils.kt
index 5f92c4d273a..c5ad71285a4 100644
--- a/idea/idea-jvm/src/org/jetbrains/kotlin/idea/configuration/ConfigureKotlinInProjectUtils.kt
+++ b/idea/idea-jvm/src/org/jetbrains/kotlin/idea/configuration/ConfigureKotlinInProjectUtils.kt
@@ -43,6 +43,8 @@ import org.jetbrains.kotlin.utils.ifEmpty
 
 data class RepositoryDescription(val id: String, val name: String, val url: String, val bintrayUrl: String?, val isSnapshot: Boolean)
 
+const val LAST_SNAPSHOT_VERSION = "1.2-SNAPSHOT"
+
 val SNAPSHOT_REPOSITORY = RepositoryDescription(
         "sonatype.oss.snapshots",
         "Sonatype OSS Snapshot Repository",