Because of this one reason, build always fails...Any ideas about what I could try?
EDIT: the solution is to open the xcworkspace instead of the xcproject!
I encountered this error when I downloaded some code from github. I tried to build .xcodeproj file but it failed giving the library not found error. I then opened .xcworkspace file and build that file first by clicking Product -> Build for -> Running. The workspace file built fine with no errors. Then in workspace file I changed scheme to the xcode project I was trying to build, and clicked Product -> Run. The app got built and ran with no errors.