diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 8d5440a31..fadf60275 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 1.5.0b2
+current_version = 1.5.0b3
 parse = (?P<major>[\d]+) # major version number
 	\.(?P<minor>[\d]+) # minor version number
 	\.(?P<patch>[\d]+) # patch version number
diff --git a/.changes/1.5.0-b3.md b/.changes/1.5.0-b3.md
new file mode 100644
index 000000000..f2415ad97
--- /dev/null
+++ b/.changes/1.5.0-b3.md
@@ -0,0 +1,20 @@
+## dbt-bigquery 1.5.0-b3 - March 16, 2023
+
+### Features
+
+- Enforce contracts on models materialized as tables and views ([#529](https://github.com/dbt-labs/dbt-bigquery/issues/529), [#555](https://github.com/dbt-labs/dbt-bigquery/issues/555))
+- add dataproc serverless config to profile ([#530](https://github.com/dbt-labs/dbt-bigquery/issues/530))
+
+### Fixes
+
+- Fix time ingestion partitioning option regression when combined using `require_partition_filter` option on incremental run ([#483](https://github.com/dbt-labs/dbt-bigquery/issues/483))
+- Allow policy_tags to be removed ([#349](https://github.com/dbt-labs/dbt-bigquery/issues/349))
+- Update connections.py with retry logic for 502 BadGateway ([#562](https://github.com/dbt-labs/dbt-bigquery/issues/562))
+- Fix for Python incremental model regression ([#581](https://github.com/dbt-labs/dbt-bigquery/issues/581))
+- Fix failing test by removing no erroneous asserts. ([#605](https://github.com/dbt-labs/dbt-bigquery/issues/605))
+
+### Contributors
+- [@Kayrnt](https://github.com/Kayrnt) ([#483](https://github.com/dbt-labs/dbt-bigquery/issues/483))
+- [@garsir](https://github.com/garsir) ([#349](https://github.com/dbt-labs/dbt-bigquery/issues/349))
+- [@patkearns10](https://github.com/patkearns10) ([#562](https://github.com/dbt-labs/dbt-bigquery/issues/562))
+- [@torkjel](https://github.com/torkjel) ([#530](https://github.com/dbt-labs/dbt-bigquery/issues/530))
diff --git a/.changes/unreleased/Features-20230223-145508.yaml b/.changes/1.5.0/Features-20230223-145508.yaml
similarity index 100%
rename from .changes/unreleased/Features-20230223-145508.yaml
rename to .changes/1.5.0/Features-20230223-145508.yaml
diff --git a/.changes/unreleased/Features-20230303-132509.yaml b/.changes/1.5.0/Features-20230303-132509.yaml
similarity index 100%
rename from .changes/unreleased/Features-20230303-132509.yaml
rename to .changes/1.5.0/Features-20230303-132509.yaml
diff --git a/.changes/unreleased/Fixes-20230202-010332.yaml b/.changes/1.5.0/Fixes-20230202-010332.yaml
similarity index 100%
rename from .changes/unreleased/Fixes-20230202-010332.yaml
rename to .changes/1.5.0/Fixes-20230202-010332.yaml
diff --git a/.changes/unreleased/Fixes-20230216-140756.yaml b/.changes/1.5.0/Fixes-20230216-140756.yaml
similarity index 100%
rename from .changes/unreleased/Fixes-20230216-140756.yaml
rename to .changes/1.5.0/Fixes-20230216-140756.yaml
diff --git a/.changes/unreleased/Fixes-20230227-110426.yaml b/.changes/1.5.0/Fixes-20230227-110426.yaml
similarity index 100%
rename from .changes/unreleased/Fixes-20230227-110426.yaml
rename to .changes/1.5.0/Fixes-20230227-110426.yaml
diff --git a/.changes/unreleased/Fixes-20230309-181313.yaml b/.changes/1.5.0/Fixes-20230309-181313.yaml
similarity index 100%
rename from .changes/unreleased/Fixes-20230309-181313.yaml
rename to .changes/1.5.0/Fixes-20230309-181313.yaml
diff --git a/.changes/unreleased/Fixes-20230315-130504.yaml b/.changes/1.5.0/Fixes-20230315-130504.yaml
similarity index 100%
rename from .changes/unreleased/Fixes-20230315-130504.yaml
rename to .changes/1.5.0/Fixes-20230315-130504.yaml
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 48ed63e9d..a71fcd8bf 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,14 +5,34 @@
 - "Breaking changes" listed under a version may require action from end users or external maintainers when upgrading to that version.
 - Do not edit this file directly. This file is auto-generated using [changie](https://github.com/miniscruff/changie). For details on how to document a change, see [the contributing guide](https://github.com/dbt-labs/dbt-bigquery/blob/main/CONTRIBUTING.md#adding-changelog-entry)
 
+## dbt-bigquery 1.5.0-b3 - March 16, 2023
+
+### Features
+
+- Enforce contracts on models materialized as tables and views ([#529](https://github.com/dbt-labs/dbt-bigquery/issues/529), [#555](https://github.com/dbt-labs/dbt-bigquery/issues/555))
+- add dataproc serverless config to profile ([#530](https://github.com/dbt-labs/dbt-bigquery/issues/530))
+
+### Fixes
+
+- Fix time ingestion partitioning option regression when combined using `require_partition_filter` option on incremental run ([#483](https://github.com/dbt-labs/dbt-bigquery/issues/483))
+- Allow policy_tags to be removed ([#349](https://github.com/dbt-labs/dbt-bigquery/issues/349))
+- Update connections.py with retry logic for 502 BadGateway ([#562](https://github.com/dbt-labs/dbt-bigquery/issues/562))
+- Fix for Python incremental model regression ([#581](https://github.com/dbt-labs/dbt-bigquery/issues/581))
+- Fix failing test by removing no erroneous asserts. ([#605](https://github.com/dbt-labs/dbt-bigquery/issues/605))
+
+### Contributors
+- [@Kayrnt](https://github.com/Kayrnt) ([#483](https://github.com/dbt-labs/dbt-bigquery/issues/483))
+- [@garsir](https://github.com/garsir) ([#349](https://github.com/dbt-labs/dbt-bigquery/issues/349))
+- [@patkearns10](https://github.com/patkearns10) ([#562](https://github.com/dbt-labs/dbt-bigquery/issues/562))
+- [@torkjel](https://github.com/torkjel) ([#530](https://github.com/dbt-labs/dbt-bigquery/issues/530))
+
+
 ## dbt-bigquery 1.5.0-b2 - March 02, 2023
 
 ### Under the Hood
 
 - Rename constraints_enabled to contract ([#548](https://github.com/dbt-labs/dbt-bigquery/issues/548))
 
-
-
 ## dbt-bigquery 1.5.0-b1 - February 22, 2023
 
 ### Features
diff --git a/dbt/adapters/bigquery/__version__.py b/dbt/adapters/bigquery/__version__.py
index 4f8b15313..649c005ac 100644
--- a/dbt/adapters/bigquery/__version__.py
+++ b/dbt/adapters/bigquery/__version__.py
@@ -1 +1 @@
-version = "1.5.0b2"
+version = "1.5.0b3"
diff --git a/setup.py b/setup.py
index 7603a3498..3186aa435 100644
--- a/setup.py
+++ b/setup.py
@@ -58,7 +58,7 @@ def _dbt_core_version(plugin_version: str) -> str:
 
 
 package_name = "dbt-bigquery"
-package_version = "1.5.0b2"
+package_version = "1.5.0b3"
 dbt_core_version = _dbt_core_version(_dbt_bigquery_version())
 description = """The BigQuery adapter plugin for dbt"""