diff --git a/.changes/unreleased/Dependencies-20241021-131923.yaml b/.changes/unreleased/Dependencies-20241021-131923.yaml
new file mode 100644
index 00000000000..8baf3fc3559
--- /dev/null
+++ b/.changes/unreleased/Dependencies-20241021-131923.yaml
@@ -0,0 +1,6 @@
+kind: Dependencies
+body: Pin dbt-common and dbt-adapters with upper bound.
+time: 2024-10-21T13:19:23.137466-05:00
+custom:
+  Author: emmyoop
+  Issue: "10895"
diff --git a/core/setup.py b/core/setup.py
index d610ba6cd7f..cecc5748608 100644
--- a/core/setup.py
+++ b/core/setup.py
@@ -75,8 +75,8 @@
         "minimal-snowplow-tracker>=0.0.2,<0.1",
         "dbt-semantic-interfaces>=0.5.1,<0.6",
         # Minor versions for these are expected to be backwards-compatible
-        "dbt-common>=1.0.4,<2.0",
-        "dbt-adapters>=1.1.1,<2.0",
+        "dbt-common>=1.0.4,<1.11.0",
+        "dbt-adapters>=1.1.1,<1.7.1",
         # ----
         # Expect compatibility with all new versions of these packages, so lower bounds only.
         "packaging>20.9",
diff --git a/dev-requirements.txt b/dev-requirements.txt
index 41e61e22996..65a4c44bb2b 100644
--- a/dev-requirements.txt
+++ b/dev-requirements.txt
@@ -1,7 +1,8 @@
-git+https://github.com/dbt-labs/dbt-adapters.git@main
-git+https://github.com/dbt-labs/dbt-adapters.git@main#subdirectory=dbt-tests-adapter
-git+https://github.com/dbt-labs/dbt-common.git@main
-git+https://github.com/dbt-labs/dbt-postgres.git@main
+# We hardcode these two dependencies to ensure that we are testing against the correct versions of
+# released code to ensure we don't introduce any breaking changes
+dbt-tests-adapter<=1.10.2
+dbt-postgres<=1.9.0
+#
 black>=24.3.0,<25.0
 bumpversion
 ddtrace==2.3.0