diff --git a/Dockerfiles/bundle.Dockerfile b/Dockerfiles/bundle.Dockerfile
index 133f0557f2c..943fb34ad4a 100644
--- a/Dockerfiles/bundle.Dockerfile
+++ b/Dockerfiles/bundle.Dockerfile
@@ -7,7 +7,7 @@ LABEL operators.operatorframework.io.bundle.metadata.v1=metadata/
 LABEL operators.operatorframework.io.bundle.package.v1=opendatahub-operator
 LABEL operators.operatorframework.io.bundle.channels.v1=fast
 LABEL operators.operatorframework.io.bundle.channel.default.v1=fast
-LABEL operators.operatorframework.io.metrics.builder=operator-sdk-v1.24.1
+LABEL operators.operatorframework.io.metrics.builder=operator-sdk-v1.31.0
 LABEL operators.operatorframework.io.metrics.mediatype.v1=metrics+v1
 LABEL operators.operatorframework.io.metrics.project_layout=go.kubebuilder.io/v3
 
diff --git a/Makefile b/Makefile
index 4e8dd6142ce..cda0dd96209 100644
--- a/Makefile
+++ b/Makefile
@@ -3,7 +3,7 @@
 # To re-generate a bundle for another specific version without changing the standard setup, you can:
 # - use the VERSION as arg of the bundle target (e.g make bundle VERSION=0.0.2)
 # - use environment variables to overwrite this value (e.g export VERSION=0.0.2)
-VERSION ?= 2.12.1
+VERSION ?= 2.13.0
 # IMAGE_TAG_BASE defines the opendatahub.io namespace and part of the image name for remote images.
 # This variable is used to construct full image tags for bundle and catalog images.
 #
diff --git a/bundle/manifests/datasciencecluster.opendatahub.io_datascienceclusters.yaml b/bundle/manifests/datasciencecluster.opendatahub.io_datascienceclusters.yaml
index c8830609648..7d15780f7d9 100644
--- a/bundle/manifests/datasciencecluster.opendatahub.io_datascienceclusters.yaml
+++ b/bundle/manifests/datasciencecluster.opendatahub.io_datascienceclusters.yaml
@@ -55,7 +55,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -98,7 +99,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -142,7 +144,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -200,7 +203,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -303,7 +307,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -347,7 +352,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -390,7 +396,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -433,7 +440,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -476,7 +484,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -519,7 +528,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
@@ -562,7 +572,8 @@ spec:
                                 contextDir:
                                   default: manifests
                                   description: contextDir is the relative path to
-                                    the folder containing manifests in a repository
+                                    the folder containing manifests in a repository,
+                                    default value "manifests"
                                   type: string
                                 sourcePath:
                                   default: ""
diff --git a/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml b/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
index 8bdb789af70..f0494a1fa05 100644
--- a/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
+++ b/bundle/manifests/opendatahub-operator.clusterserviceversion.yaml
@@ -101,14 +101,14 @@ metadata:
     capabilities: Full Lifecycle
     categories: AI/Machine Learning, Big Data
     certified: "False"
-    containerImage: quay.io/opendatahub/opendatahub-operator:v2.12.1
-    createdAt: "2024-4-22T00:00:00Z"
-    olm.skipRange: '>=1.0.0 <2.12.1'
-    operators.operatorframework.io/builder: operator-sdk-v1.24.1
+    containerImage: quay.io/opendatahub/opendatahub-operator:v2.13.0
+    createdAt: "2024-06-04T20:10:23Z"
+    olm.skipRange: '>=1.0.0 <2.13.0'
+    operators.operatorframework.io/builder: operator-sdk-v1.31.0
     operators.operatorframework.io/internal-objects: '[dscinitialization.opendatahub.io]'
     operators.operatorframework.io/project_layout: go.kubebuilder.io/v3
     repository: https://github.com/opendatahub-io/opendatahub-operator
-  name: opendatahub-operator.v2.12.1
+  name: opendatahub-operator.v2.13.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -1674,7 +1674,6 @@ spec:
               - args:
                 - --health-probe-bind-address=:8081
                 - --metrics-bind-address=0.0.0.0:8080
-                - --operator-name=opendatahub
                 command:
                 - /manager
                 env:
@@ -1763,7 +1762,7 @@ spec:
   selector:
     matchLabels:
       component: opendatahub-operator
-  version: 2.12.1
+  version: 2.13.0
   webhookdefinitions:
   - admissionReviewVersions:
     - v1
diff --git a/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml b/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
index 42e9f6438f6..842e0d242c8 100644
--- a/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
+++ b/config/manifests/bases/opendatahub-operator.clusterserviceversion.yaml
@@ -6,12 +6,12 @@ metadata:
     capabilities: Full Lifecycle
     categories: AI/Machine Learning, Big Data
     certified: "False"
-    containerImage: quay.io/opendatahub/opendatahub-operator:v2.12.1
-    createdAt: "2024-4-22T00:00:00Z"
-    olm.skipRange: '>=1.0.0 <2.12.1'
+    containerImage: quay.io/opendatahub/opendatahub-operator:v2.13.0
+    createdAt: "2024-6-04T00:00:00Z"
+    olm.skipRange: '>=1.0.0 <2.13.0'
     operators.operatorframework.io/internal-objects: '[dscinitialization.opendatahub.io]'
     repository: https://github.com/opendatahub-io/opendatahub-operator
-  name: opendatahub-operator.v2.12.1
+  name: opendatahub-operator.v2.13.0
   namespace: placeholder
 spec:
   apiservicedefinitions: {}
@@ -105,4 +105,4 @@ spec:
   selector:
     matchLabels:
       component: opendatahub-operator
-  version: 2.12.1
+  version: 2.13.0