Installation error: "This application requires .NET Framework 4.5.1 package or greater. Please install the .NET Framework then run the installer again" (4255788)

The installation may fail with the following even if .NET 4.5.1 or later is installed:

"This application requires .NET Framework 4.5.1 package or greater. Please install the .NET Framework then run the installer again"

Ensure the latest .NET updates have been applied.

There have been issues identified when using the role-based method of installing .NET on Windows Servers.

Verify that the build engine version from the following command comes up with at least 4.5.1.

C:\Windows\Microsoft.NET\Framework\v4.0.30319> .\MSBuild.exe -version (version # may change depending on installed version)

Output should be similar to the following:

Microsoft (R) Build Engine version 4.6.1038.0
[Microsoft .NET Framework, version 4.0.30319.42000]

If the build engine comes up lower than 4.5.1, you should try installing .NET using the offline based installer vs the role-based installation.
The framework version is usually 4.0.x and can be ignored if the build engine version is correct.