diff --git a/fvm/bootstrap.go b/fvm/bootstrap.go
index a37d0948461..a3a8f787d31 100644
--- a/fvm/bootstrap.go
+++ b/fvm/bootstrap.go
@@ -396,6 +396,8 @@ func (b *bootstrapExecutor) Execute() error {
 		b.mintInitialTokens(service, fungibleToken, flowToken, b.initialTokenSupply)
 	}
 
+	b.deployExecutionParameters(fungibleToken, &env)
+	b.setupExecutionWeights(fungibleToken)
 	b.deployServiceAccount(service, &env)
 
 	b.setupParameters(
@@ -416,8 +418,6 @@ func (b *bootstrapExecutor) Execute() error {
 
 	b.setContractDeploymentRestrictions(service, b.restrictedContractDeployment)
 
-	b.setupExecutionWeights(service)
-
 	b.setupStorageForServiceAccounts(service, fungibleToken, flowToken, feeContract)
 
 	b.createMinter(service, flowToken)
@@ -723,6 +723,19 @@ func (b *bootstrapExecutor) deployEpoch(deployTo flow.Address, env *templates.En
 	panicOnMetaInvokeErrf("failed to deploy Epoch contract: %s", txError, err)
 }
 
+func (b *bootstrapExecutor) deployExecutionParameters(deployTo flow.Address, env *templates.Environment) {
+	contract := contracts.FlowExecutionParameters(*env)
+	txError, err := b.invokeMetaTransaction(
+		b.ctx,
+		Transaction(
+			blueprints.DeployContractTransaction(deployTo, contract, "FlowExecutionParameters"),
+			0,
+		),
+	)
+	env.FlowExecutionParametersAddress = deployTo.String()
+	panicOnMetaInvokeErrf("failed to deploy FlowExecutionParameters contract: %s", txError, err)
+}
+
 func (b *bootstrapExecutor) deployServiceAccount(deployTo flow.Address, env *templates.Environment) {
 	contract := contracts.FlowServiceAccount(
 		*env,
diff --git a/go.mod b/go.mod
index c8971c27bc8..e28a391921e 100644
--- a/go.mod
+++ b/go.mod
@@ -51,8 +51,8 @@ require (
 	github.com/onflow/cadence v1.3.1
 	github.com/onflow/crypto v0.25.2
 	github.com/onflow/flow v0.3.4
-	github.com/onflow/flow-core-contracts/lib/go/contracts v1.4.0
-	github.com/onflow/flow-core-contracts/lib/go/templates v1.4.0
+	github.com/onflow/flow-core-contracts/lib/go/contracts v1.5.0
+	github.com/onflow/flow-core-contracts/lib/go/templates v1.5.0
 	github.com/onflow/flow-go-sdk v1.3.1
 	github.com/onflow/flow/protobuf/go/flow v0.4.7
 	github.com/pbnjay/memory v0.0.0-20210728143218-7b4eea64cf58
diff --git a/go.sum b/go.sum
index d80e0e5bbaf..9d113d84de5 100644
--- a/go.sum
+++ b/go.sum
@@ -916,8 +916,14 @@ github.com/onflow/flow v0.3.4 h1:FXUWVdYB90f/rjNcY0Owo30gL790tiYff9Pb/sycXYE=
 github.com/onflow/flow v0.3.4/go.mod h1:lzyAYmbu1HfkZ9cfnL5/sjrrsnJiUU8fRL26CqLP7+c=
 github.com/onflow/flow-core-contracts/lib/go/contracts v1.4.0 h1:R86HaOuk6vpuECZnriEUE7bw9inC2AtdSn8lL/iwQLQ=
 github.com/onflow/flow-core-contracts/lib/go/contracts v1.4.0/go.mod h1:9asTBnB6Tw2UlVVtQKyS/egYv3xr4zVlJnJ75z1dfac=
+github.com/onflow/flow-core-contracts/lib/go/contracts v1.5.0 h1:uyW2VRp8RTeCJRIOcaW/HbzbVF3VsnCmf0lzfN1Lw9Y=
+github.com/onflow/flow-core-contracts/lib/go/contracts v1.5.0/go.mod h1:0/Fd2+5yjAp6Vo9cJxHMxNBxElhtX35H1RvTI6Gpbps=
 github.com/onflow/flow-core-contracts/lib/go/templates v1.4.0 h1:u2DAG8pk0xFH7TwS70t1gSZ/FtIIZWMSNyiu4SeXBYg=
 github.com/onflow/flow-core-contracts/lib/go/templates v1.4.0/go.mod h1:pN768Al/wLRlf3bwugv9TyxniqJxMu4sxnX9eQJam64=
+github.com/onflow/flow-core-contracts/lib/go/templates v1.4.1-0.20250121150329-3add9787ef8b h1:MkopKmomIfTd6HxlXygcF0SDEen/RxTfR9ihjiGsak4=
+github.com/onflow/flow-core-contracts/lib/go/templates v1.4.1-0.20250121150329-3add9787ef8b/go.mod h1:pN768Al/wLRlf3bwugv9TyxniqJxMu4sxnX9eQJam64=
+github.com/onflow/flow-core-contracts/lib/go/templates v1.5.0 h1:foKXHHzPxiwLg/2S+FYsmIHRDe0TbkJF+Zb5NSYg/lE=
+github.com/onflow/flow-core-contracts/lib/go/templates v1.5.0/go.mod h1:pN768Al/wLRlf3bwugv9TyxniqJxMu4sxnX9eQJam64=
 github.com/onflow/flow-ft/lib/go/contracts v1.0.1 h1:Ts5ob+CoCY2EjEd0W6vdLJ7hLL3SsEftzXG2JlmSe24=
 github.com/onflow/flow-ft/lib/go/contracts v1.0.1/go.mod h1:PwsL8fC81cjnUnTfmyL/HOIyHnyaw/JA474Wfj2tl6A=
 github.com/onflow/flow-ft/lib/go/templates v1.0.1 h1:FDYKAiGowABtoMNusLuRCILIZDtVqJ/5tYI4VkF5zfM=