You need to learn all about "ltib".
You can use ltib to put the colilo package source into the ltib//rpm/BUILD directory. Then you can find the source and modify it. After you have made mods, then you need to use ./ltib to build the source.
Try executing the command
./ltib --help
Look at the help provided in the BSP for some details on how to build a package from source.
That's what I did. If you are still having problems, then send me another email and I will see what I can do to help.