No colord package error while compiling GNOME3

You are missing the colord package. Unfortunately you need to build that one too.

When you let jhbuild run and it complains, open a new terminal and run:

    cd ~/gnome-shell/source/ # or wherever your GS sources are
    git clone git://gitorious.org/colord/master.git colord
    cd colord
    ./autogen.sh --prefix="$HOME"/gnome-shell/install/ # change if you install it elsewhere
    make && make install

This will download, build and (locally) install colord. Then go back to the other terminal and choose the point that runs the configuration phase again (AFAIK the first option).

Use sudo apt install libcolord-dev. I got the package name through apt-file search colord | grep "dev". The reason for using dev specifically is mentioned here