diff --git a/CMakeLists.txt b/CMakeLists.txt
index eef3b107..6c10ff52 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -58,19 +58,11 @@ if (SKIP_PYBIND11)
   message(STATUS "SKIP_PYBIND11 set - disabling python bindings")
   find_package(Python3 COMPONENTS Interpreter)
 else()
-  find_package(Python3 COMPONENTS Interpreter Development)
+  find_package(Python3
+    COMPONENTS Interpreter
+    OPTIONAL_COMPONENTS Development)
   if (NOT Python3_Development_FOUND)
     GZ_BUILD_WARNING("Python development libraries are missing: Python interfaces are disabled.")
-  else()
-    set(PYBIND11_PYTHON_VERSION 3)
-    find_package(pybind11 2.4 CONFIG QUIET)
-
-    if (pybind11_FOUND)
-      message (STATUS "Searching for pybind11 - found version ${pybind11_VERSION}.")
-    else()
-      GZ_BUILD_WARNING("pybind11 is missing: Python interfaces are disabled.")
-      message (STATUS "Searching for pybind11 - not found.")
-    endif()
   endif()
 endif()
 
@@ -164,7 +156,7 @@ add_subdirectory(conf)
 #============================================================================
 # gz transport python bindings
 #============================================================================
-if (pybind11_FOUND AND NOT SKIP_PYBIND11)
+if (Python3_Development_FOUND AND NOT SKIP_PYBIND11)
   add_subdirectory(python)
 endif()
 
diff --git a/python/CMakeLists.txt b/python/CMakeLists.txt
index ea5f46b7..34c25c66 100644
--- a/python/CMakeLists.txt
+++ b/python/CMakeLists.txt
@@ -1,8 +1,33 @@
+<<<<<<< HEAD
 if(WIN32 AND CMAKE_BUILD_TYPE STREQUAL "Debug")
   # pybind11 logic for setting up a debug build when both a debug and release
   # python interpreter are present in the system seems to be pretty much broken.
   # This works around the issue.
   set(PYTHON_LIBRARIES "${PYTHON_DEBUG_LIBRARIES}")
+=======
+# Detect if we are doing a standalone build of the bindings, using an external gz-transport
+if(CMAKE_SOURCE_DIR STREQUAL CMAKE_CURRENT_SOURCE_DIR)
+  cmake_minimum_required(VERSION 3.22.1)
+  set(GZ_TRANSPORT_VER 14)
+  project(gz-transport${GZ_TRANSPORT_VER}-python VERSION ${GZ_TRANSPORT_VER})
+  find_package(gz-transport${PROJECT_VERSION_MAJOR} REQUIRED)
+  set(PROJECT_LIBRARY_TARGET_NAME "gz-transport${PROJECT_VERSION_MAJOR}::gz-transport${PROJECT_VERSION_MAJOR}")
+  # require python dependencies to be found
+  find_package(Python3 COMPONENTS Interpreter Development REQUIRED)
+  set(CMAKE_REQUIRE_FIND_PACKAGE_pybind11 TRUE)
+  include(GNUInstallDirs)
+  include(CTest)
+endif()
+
+set(PYBIND11_PYTHON_VERSION 3)
+find_package(pybind11 2.4 CONFIG QUIET)
+
+if (pybind11_FOUND)
+  message (STATUS "Searching for pybind11 - found version ${pybind11_VERSION}.")
+else()
+  message(WARNING "pybind11 is missing: Python interfaces are disabled.")
+  return()
+>>>>>>> 250e95f0 (Permit building python bindings separately from main library (#554))
 endif()
 
 if(USE_SYSTEM_PATHS_FOR_PYTHON_INSTALLATION)
@@ -27,7 +52,7 @@ if(USE_SYSTEM_PATHS_FOR_PYTHON_INSTALLATION)
   endif()
 else()
   # If not a system installation, respect local paths
-  set(GZ_PYTHON_INSTALL_PATH ${GZ_LIB_INSTALL_DIR}/python)
+  set(GZ_PYTHON_INSTALL_PATH ${CMAKE_INSTALL_LIBDIR}/python)
 endif()
 
 set(GZ_PYTHON_INSTALL_PATH "${GZ_PYTHON_INSTALL_PATH}/gz")
@@ -83,10 +108,10 @@ if (BUILD_TESTING AND NOT WIN32)
   foreach (test ${python_tests})
     if (pytest_FOUND)
       add_test(NAME ${test}.py COMMAND
-        "${Python3_EXECUTABLE}" -m pytest "${CMAKE_SOURCE_DIR}/python/test/${test}.py" --junitxml "${CMAKE_BINARY_DIR}/test_results/${test}.xml")
+        "${Python3_EXECUTABLE}" -m pytest "${CMAKE_CURRENT_SOURCE_DIR}/test/${test}.py" --junitxml "${CMAKE_BINARY_DIR}/test_results/${test}.xml")
     else()
       add_test(NAME ${test}.py COMMAND
-        "${Python3_EXECUTABLE}" "${CMAKE_SOURCE_DIR}/python/test/${test}.py")
+        "${Python3_EXECUTABLE}" "${CMAKE_CURRENT_SOURCE_DIR}/test/${test}.py")
     endif()
     set(_env_vars)
     list(APPEND _env_vars "CMAKE_BINARY_DIR=${CMAKE_BINARY_DIR}/bin")
diff --git a/tutorials/02_installation.md b/tutorials/02_installation.md
index d32d3997..be66a0ab 100644
--- a/tutorials/02_installation.md
+++ b/tutorials/02_installation.md
@@ -45,13 +45,10 @@ library and rebuilding dependencies due to the use of c++11. For
 purposes of this documentation, Assuming OS X 10.9 or greater is in
 use. Here are the instructions:
 
-Install homebrew, which should also prompt you to install the XCode
-command-line tools:
-```
-/bin/bash -c "$(curl -fsSL https://raw.githubusercontent.com/Homebrew/install/HEAD/install.sh)"
-```
+After installing the [Homebrew package manager](https://brew.sh),
+which should also prompt you to install the XCode command-line tools
+add OSRF packages and run the install command:
 
-Run the following commands:
 ```
 brew tap osrf/simulation
 brew install gz-transport<#>
@@ -81,7 +78,9 @@ which version you need.
 
 # Source Install
 
-## Ubuntu Linux
+## Install Prerequisites
+
+### Ubuntu Linux
 
 For compiling the latest version of Gazebo Transport you will need an
 Ubuntu distribution equal to 20.04 (Focal) or newer.
@@ -97,10 +96,29 @@ Install prerequisites. A clean Ubuntu system will need:
 sudo apt-get install git cmake pkg-config python ruby-ronn libprotoc-dev libprotobuf-dev protobuf-compiler uuid-dev libzmq3-dev libgz-msgs10-dev libgz-utils2-cli-dev
 ```
 
+### macOS
+
+After installing the [Homebrew package manager](https://brew.sh),
+which should also prompt you to install the XCode command-line tools
+add OSRF packages and run the command to install dependencies:
+
+```
+brew tap osrf/simulation
+brew install --only-dependencies gz-transport<#>
+```
+
+Be sure to replace `<#>` with a number value, such as 10 or 11, depending on
+which version you need.
+
+## Clone, Configure, and Build
+
 Clone the repository
 ```
-git clone https://github.com/gazebosim/gz-transport
+git clone https://github.com/gazebosim/gz-transport -b gz-transport<#>
 ```
+Be sure to replace `<#>` with a number value, such as 10 or 11, depending on
+which version you need. From version 12 use `gz-transport<#>` for lower versions
+use `ign-transport<#>`
 
 Configure and build
 ```
@@ -111,6 +129,13 @@ cmake ..
 make
 ```
 
+Optionally, install
+```
+sudo make install
+```
+
+### Configuration options
+
 Configure Gazebo Transport (choose either method a or b below):
 
 A.  Release mode (recommended): This will generate optimized code, but will not have
@@ -159,6 +184,28 @@ modify your `LD_LIBRARY_PATH`:
 echo "export LD_LIBRARY_PATH=<install_path>/local/lib:$LD_LIBRARY_PATH" >> ~/.bashrc
 ```
 
+### Build python bindings separately from main library
+
+If you want to build Python bindings separately from the main gz-transport library
+(for example if you want to build Python bindings for multiple versions of Python),
+you can invoke cmake on the `python` folder instead of the root folder.
+Specify the path to the python executable with which you wish to build bindings
+in the `Python3_EXECUTABLE` cmake variable.
+Specify the install path for the bindings in the `CMAKE_INSTALL_PREFIX`
+variable, and be sure to set your `PYTHONPATH` accordingly after install.
+
+```bash
+cd sdformat
+mkdir build_python3
+cd build_python3
+cmake ../python \
+    -DPython3_EXECUTABLE=/usr/local/bin/python3.12 \
+    -DCMAKE_INSTALL_PREFIX=<prefix>
+```
+
+See the homebrew [sdformat15 formula](https://github.com/osrf/homebrew-simulation/blob/027d06f5be49da1e40d01180aedae7f76dc7ff47/Formula/sdformat15.rb#L12-L56)
+for an example of building bindings for multiple versions of Python.
+
 ### Uninstalling Source-based Install
 
 If you need to uninstall Gazebo Transport or switch back to a
@@ -170,37 +217,6 @@ cd /tmp/gz-transport/build
 sudo make uninstall
 ```
 
-### macOS
-
-1. Clone the repository
-  ```
-  git clone https://github.com/gazebosim/gz-transport -b gz-transport<#>
-  ```
-  Be sure to replace `<#>` with a number value, such as 10 or 11, depending on
-  which version you need. From version 12 use `gz-transport<#>` for lower versions
-  use `ign-transport<#>`
-
-2. Install dependencies
-  ```
-  brew install --only-dependencies gz-transport<#>
-  ```
-  Be sure to replace `<#>` with a number value, such as 10 or 11, depending on
-  which version you need.
-
-3. Configure and build
-  ```
-  cd gz-transport
-  mkdir build
-  cd build
-  cmake ..
-  make
-  ```
-
-4. Optionally, install
-  ```
-  sudo make install
-  ```
-
 ## Windows
 
 ### Prerequisites