diff --git a/common-dev-assets b/common-dev-assets
index ae23e02..3cfd2b6 160000
--- a/common-dev-assets
+++ b/common-dev-assets
@@ -1 +1 @@
-Subproject commit ae23e021950779a9c0612e71ce51d074f14b7543
+Subproject commit 3cfd2b622d864175e7979de6885a65b4fb4ab6db
diff --git a/ibm_catalog.json b/ibm_catalog.json
index 3ef6420..5f85914 100644
--- a/ibm_catalog.json
+++ b/ibm_catalog.json
@@ -314,7 +314,7 @@
               }
             }
           ],
-          "terraform_version": "1.10.5"
+          "terraform_version": "1.12.2"
         },
         {
           "label": "New Code Engine project",
@@ -480,7 +480,7 @@
               "key": "secrets"
             }
           ],
-          "terraform_version": "1.10.5"
+          "terraform_version": "1.12.2"
         }
       ]
     }