System.ComponentModel.Win32Exception (0x80004005): Access is denied build error

I am trying to build a solution. However, one of the projects has build error. The error message is as follows:

System.ComponentModel.Win32Exception (0x80004005): Access is denied 
at Microsoft.Build.Utilities.ToolTask.ExecuteTool(String pathToTool, String responseFileCommands, String commandLineCommands)
at System.Diagnostics.Process.StartWithCreateProcess(ProcessStartInfo startInfo)    
at System.Diagnostics.Process.Start()   
Unexpected exception:   
at Microsoft.CodeAnalysis.BuildTasks.ManagedCompiler.ExecuteTool(String pathToTool, String responseFileCommands, String commandLineCommands)

What is the cause of the build error and how to fix it? Thanks