Currently:
"The update actually happens twice during the build; once right after the check out, and once before the build is completed."

Problem:
When check out takes a long time (e.g. several libraries are being checked out), build name does not update immediately, although, it is already in the "building" state.

Improvement:
Provide an option to update build name before check-out.

Benefit:
Users can use this option if they do not need any information from the source code/libraries being checked out for their build name (i.e. build name makes use of Build Parameters). Build name will then update immediately for such cases.