Contractor Request Forms - ILLEGALARGUMENTEXCEPTION

Error
Error thrown in following forms when creating a new Contractor Request or anything to do with 'Rate Based Temp Labor' line:

Forms where getting error
Form 1 is in Oracle iProcurement
Navigation = iProcurement responsibility > Go to tab 'Contractors' > Hit button 'Create Contractor Request' > Error is thrown

Form 2 is in Oracle Purchasing
Navigation = Purchasing Vision Operations USA responsibility > Buyers Work Centre > Navigate to existing PO line with 'Rate Based Temp Labor' > Error thrown

Form 3 is accessed from the notification that sent to the PO Approver.
Navigation = Purchasing Vision Operations USA responsibility > Open PO Approval Notification > Click on link 'Create Contractor Assignment'

Form 4 is accessed from Human Resources, Vision Enterprises responsibility
Steps:
1. Navigation > HRMS Super User > People > Enter and Maintain > Query a Contingent Worker > Assignments > Others> Purchasing Order Information
2. Associate Purchase Order with Contingent Worker. Add two PO. Save record and error is thrown.

Form 5 

1. Go to Purchasing Vision Operations USA responsibility > Buyers Work Centre > Create a New PO
2. Add a line with 'Rate Based Temp Labor'

 

Steps to Reproduce Error
1. Go to iProcurement responsibility > iProcurement Home Page -> Contractor tab > Create Contractor Request

2. Error is thrown

Investigation done
1. Checked all Services Procurement, iProcurement and dependent Purchasing related Profiles, but all seems to be okay

Environment
EBS R12.1.3+

Cause of the Issue

Timezone settings in Oracle Server

Solution -

1. Apply patch ID 1330892.1

2. Retest the issue and the error will be gone.

Error Description

Exception Details.
oracle.apps.fnd.framework.OAException: java.lang.IllegalArgumentException at oracle.apps.fnd.framework.OAException.wrapperException(OAException.java:912) at oracle.apps.fnd.framework.webui.OAPageErrorHandler.prepareException(OAPageErrorHandler.java:1169) at oracle.apps.fnd.framework.webui.OAPageBean.renderDocument(OAPageBean.java:3247) at oracle.apps.fnd.framework.webui.OAPageBean.renderDocument(OAPageBean.java:3042) at _OA._jspService(_OA.java:228) at com.orionserver.http.OrionHttpJspPage.service(OrionHttpJspPage.java:59) at oracle.jsp.runtimev2.JspPageTable.service(JspPageTable.java:379) at oracle.jsp.runtimev2.JspServlet.internalService(JspServlet.java:594) at oracle.jsp.runtimev2.JspServlet.service(JspServlet.java:518) at javax.servlet.http.HttpServlet.service(HttpServlet.java:856) at com.evermind.server.http.ServletRequestDispatcher.invoke(ServletRequestDispatcher.java:713) at com.evermind.server.http.ServletRequestDispatcher.forwardInternal(ServletRequestDispatcher.java:370) at com.evermind.server.http.ServletRequestDispatcher.unprivileged_forward(ServletRequestDispatcher.java:259) at com.evermind.server.http.ServletRequestDispatcher.access$100(ServletRequestDispatcher.java:51) at com.evermind.server.http.ServletRequestDispatcher$2.oc4jRun(ServletRequestDispatcher.java:193) at oracle.oc4j.security.OC4JSecurity.doPrivileged(OC4JSecurity.java:284) at com.evermind.server.http.ServletRequestDispatcher.forward(ServletRequestDispatcher.java:198) at com.evermind.server.http.EvermindPageContext.forward(EvermindPageContext.java:395) at _OA._jspService(_OA.java:221) at com.orionserver.http.OrionHttpJspPage.service(OrionHttpJspPage.java:59) at oracle.jsp.runtimev2.JspPageTable.service(JspPageTable.java:379) at oracle.jsp.runtimev2.JspServlet.internalService(JspServlet.java:594) at oracle.jsp.runtimev2.JspServlet.service(JspServlet.java:518) at javax.servlet.http.HttpServlet.service(HttpServlet.java:856) at com.evermind.server.http.ResourceFilterChain.doFilter(ResourceFilterChain.java:64) at oracle.apps.jtf.base.session.ReleaseResFilter.doFilter(ReleaseResFilter.java:26) at com.evermind.server.http.EvermindFilterChain.doFilter(EvermindFilterChain.java:15) at oracle.apps.fnd.security.AppsServletFilter.doFilter(AppsServletFilter.java:318) at com.evermind.server.http.ServletRequestDispatcher.invoke(ServletRequestDispatcher.java:621) at com.evermind.server.http.ServletRequestDispatcher.forwardInternal(ServletRequestDispatcher.java:370) at com.evermind.server.http.HttpRequestHandler.doProcessRequest(HttpRequestHandler.java:871) at com.evermind.server.http.HttpRequestHandler.processRequest(HttpRequestHandler.java:453) at com.evermind.server.http.AJPRequestHandler.run(AJPRequestHandler.java:313) at com.evermind.server.http.AJPRequestHandler.run(AJPRequestHandler.java:199) at oracle.oc4j.network.ServerSocketReadHandler$SafeRunnable.run(ServerSocketReadHandler.java:260) at oracle.oc4j.network.ServerSocketAcceptHandler.procClientSocket(ServerSocketAcceptHandler.java:234) at oracle.oc4j.network.ServerSocketAcceptHandler.access$700(ServerSocketAcceptHandler.java:29) at oracle.oc4j.network.ServerSocketAcceptHandler$AcceptHandlerHorse.run(ServerSocketAcceptHandler.java:879) at com.evermind.util.ReleasableResourcePooledExecutor$MyWorker.run(ReleasableResourcePooledExecutor.java:303) at java.lang.Thread.run(Thread.java:619) ## Detail 0

Error while creating Contractor Request in iProcur...
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