diff --git a/util/update-cookbook-dependency.sh b/util/update-cookbook-dependency.sh
new file mode 100755
index 0000000000..3b21100fec
--- /dev/null
+++ b/util/update-cookbook-dependency.sh
@@ -0,0 +1,71 @@
+#!/usr/bin/env sh
+set -e
+
+# This script updates Cookbook dependencies.
+# Usage: update-cookbook-dependencies.sh [PACKAGE] [VERSION]
+# Example: update-cookbook-dependencies.sh apt 7.4.0
+
+PACKAGE=$1
+VERSION=$2
+
+[[ -z ${PACKAGE} ]] && echo "[ERROR] Missing required argument PACKAGE. Usage: update-cookbook-dependencies.sh [PACKAGE] [VERSION]" && exit 1
+[[ -z ${VERSION} ]] && echo "[ERROR] Missing required argument VERSION. Usage: update-cookbook-dependencies.sh [PACKAGE] [VERSION]" && exit 1
+
+# On Mac OS, the default implementation of sed is BSD sed, but this script requires GNU sed.
+if [ "$(uname)" == "Darwin" ]; then
+  command -v gsed >/dev/null 2>&1 || { echo >&2 "[ERROR] Mac OS detected: please install GNU sed with 'brew install gnu-sed'"; exit 1; }
+  PATH="/usr/local/opt/gnu-sed/libexec/gnubin:$PATH"
+fi
+
+echo "[INFO] Updating dependency: ${PACKAGE} ${VERSION}..."
+
+PARALLEL_CLUSTER_COOKBOOK_DIR=$( cd -- "$( dirname -- "${BASH_SOURCE[0]}" )/.." &> /dev/null && pwd )
+BERKS_FILE="${PARALLEL_CLUSTER_COOKBOOK_DIR}/Berksfile"
+METADATA_FILE="${PARALLEL_CLUSTER_COOKBOOK_DIR}/metadata.rb"
+THIRD_PARTY_DIR="${PARALLEL_CLUSTER_COOKBOOK_DIR}/third-party"
+DEPENDENCY_DIR="${THIRD_PARTY_DIR}/${PACKAGE}-${VERSION}"
+DEPENDENCY_ZIP="${DEPENDENCY_DIR}.tar.gz"
+CHEF_REPO_URL="https://github.com/sous-chefs/${PACKAGE}/archive/refs/tags/${VERSION}.tar.gz"
+
+echo "[INFO] Detecting current version of ${PACKAGE}"
+CURRENT_VERSION=$(ls ${THIRD_PARTY_DIR} | grep ${PACKAGE} | cut -d '-' -f 2)
+if [[ -z ${CURRENT_VERSION} ]]; then
+  echo "[ERROR] Cannot find current version of ${PACKAGE}"
+  exit 1
+else
+  echo "[INFO] Current version of ${PACKAGE} is: ${CURRENT_VERSION}"
+  if [[ ${VERSION} == ${CURRENT_VERSION} ]]; then
+    echo "[WARN] Current version of ${PACKAGE} ${VERSION} already installed. No update required."
+    exit 0
+  fi
+fi
+
+echo "[INFO] Downloading ${PACKAGE} ${VERSION} from Chef Marketplace"
+wget -O ${DEPENDENCY_ZIP} ${CHEF_REPO_URL}
+mkdir -p ${DEPENDENCY_DIR}
+tar xzf ${DEPENDENCY_ZIP} -C ${DEPENDENCY_DIR} --strip-components 1
+rm ${DEPENDENCY_ZIP}
+
+METADATA_FILES=(
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/metadata.rb"
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/cookbooks/aws-parallelcluster-awsbatch/metadata.rb"
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/cookbooks/aws-parallelcluster-config/metadata.rb"
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/cookbooks/aws-parallelcluster-install/metadata.rb"
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/cookbooks/aws-parallelcluster-scheduler-plugin/metadata.rb"
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/cookbooks/aws-parallelcluster-slurm/metadata.rb"
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/cookbooks/aws-parallelcluster-scheduler-plugin/metadata.rb"
+"${PARALLEL_CLUSTER_COOKBOOK_DIR}/cookbooks/aws-parallelcluster-test/metadata.rb"
+)
+
+for metadata_file in ${METADATA_FILES[@]}; do
+  echo "[INFO] Updating metadata: ${metadata_file}"
+  sed -i "s/depends '${PACKAGE}', '~> ${CURRENT_VERSION}'/depends '${PACKAGE}', '~> ${VERSION}'/" ${metadata_file}
+done
+
+echo "[INFO] Updating Berksfile: ${BERKS_FILE}"
+sed -i "s/${PACKAGE}-${VERSION}/${PACKAGE}-${VERSION}/" ${BERKS_FILE}
+
+echo "[INFO] Removing previous version of ${PACKAGE} ${CURRENT_VERSION}"
+rm -rf "${THIRD_PARTY_DIR}/${PACKAGE}-${CURRENT_VERSION}"
+
+echo "[INFO] Dependency updated: ${PACKAGE} ${VERSION}"