Project manager Sam Tucker, from Commercial Project Delivery, said hold ups with "latent conditions" early on pushed the deadline back by about a month, but work was scheduled to be complete by mid March 2020.

"We had some softer ground conditions; you never know where you're going to find these and so we had to plan around it," Mr Tucker said.

"We did lose a little bit of time, so we pushed the date back to mid March."

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However, now the work is continuing upwards at speed.

"The construction program is going really nicely. It's going along at a rapid pace now," Mr Tucker said.

"Fairbrother is performing very well. I'm really pleased with how it's going and the client [Stay Tasmania] is really pleased too."

Two more concrete pours are scheduled for early October and late November/early December to finish the hotel's infrastructure.

The Fairbrother building team comprises 24, with other tradesman - plumbers, electricians, plasterers, bricklayers and glaziers - joining the project as needed.

Mr Tucker said he expected Stay Tasmania to start working on the hotel's finishing touches soon after his team finished in March.

"[Hotel Verge] will be open as soon as possible after that date. Once the building is handed over the operator will be working to complete fit-out with an urgency and have hotel guests staying," he said.

"We're very pleased with how the builders have been performing. This is significant project for Launceston."

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