local maven repo INSIDE your project

cmd.sh

# the maven command will make the repo directory structure for you

mvn install:install-file							\
	-Dfile=D:\SomeThingCool\lib\remote\dependencies\ThirdParty-1.0.1.jar	\
	-DgroupId=org.somethingcool						\
	-DartifactId=thirdparty							\
	-Dversion=1.0.1								\
	-Dpackaging=jar								\
	-DlocalRepositoryPath=src\repo 

pom.xml

<!-- … -->

<repository>
	<id>my-project-repo</id>
	<name>my-project-repo</name>
	<url>file://${basedir}/src/repo</url>
</repository>

<!-- … -->

<dependency>
	<groupId>org.somethingcool</groupId>
	<artifactId>thirdparty</artifactId>
	<version>1.0.1</version>
</dependency>

<!-- … -->