I created a small procedure which requires a single input parameter. When previewed, I receive the error noted in the title. If I deploy the VDB to the Teiid server, the same procedure executes OK. (Hence my logging it against the Designer.)

Here is the exception from the server.log:
[QueryResolverException]The number of bound values '0' does not match the number of parameters '1' in the prepared statement.
at org.teiid.dqp.internal.process.PreparedStatementRequest.resolveParameterValues(PreparedStatementRequest.java:262)
at org.teiid.dqp.internal.process.PreparedStatementRequest.generatePlan(PreparedStatementRequest.java:167)
at org.teiid.dqp.internal.process.Request.processRequest(Request.java:437)
at org.teiid.dqp.internal.process.RequestWorkItem.processNew(RequestWorkItem.java:352)
at org.teiid.dqp.internal.process.RequestWorkItem.process(RequestWorkItem.java:174)
at org.teiid.dqp.internal.process.AbstractWorkItem.run(AbstractWorkItem.java:49)
at org.teiid.dqp.internal.process.DQPWorkContext.runInContext(DQPWorkContext.java:188)
at org.teiid.dqp.internal.process.ThreadReuseExecutor$RunnableWrapper.run(ThreadReuseExecutor.java:116)
at org.teiid.dqp.internal.process.ThreadReuseExecutor$3.run(ThreadReuseExecutor.java:290)
at java.util.concurrent.ThreadPoolExecutor$Worker.runTask(ThreadPoolExecutor.java:886)
at java.util.concurrent.ThreadPoolExecutor$Worker.run(ThreadPoolExecutor.java:908)
at java.lang.Thread.run(Thread.java:619)

Here is the transformation SQL:
CREATE VIRTUAL PROCEDURE
BEGIN
SELECT * FROM Parts_Oracle.PARTS WHERE VPARTS.NEWPROCEDURE.colorIN LIKE Parts_Oracle.PARTS.PART_COLOR;
END

I queried using the color 'Red'.

Model Project Set will be attached.