Drilling apparatus and method

1. A drilling apparatus comprising:

a drill bit comprising:

a shank adapted to be attached to a power tool;

a cutting portion adapted to drill a hole in a material; and

a collar spaced along the length of the drill bit; and

a first engagement structure;

a sleeve comprising:

a first end and a distal second end;

a second engagement structure disposed adjacent the first end and releasably engageable with the first engagement structure of the drill bit; and

a coupling mechanism disposed adjacent the send end, the coupling mechanism releasably coupling a fastener driver to the sleeve.

2. The drilling apparatus of claim 1 , wherein the first engagement structure is formed on the collar of the drill bit.

3. The drilling apparatus of claim 1 , wherein the first engagement structure comprises a peripheral surface of the collar formed with at least one flat face.

4. The drilling apparatus of claim 1 , wherein the second engagement structure comprises a socket opening configured to slidably receive and engage the first engagement structure of the drill bit.

5. The drilling apparatus of claim 1 , wherein the sleeve comprises a hollow chamber disposed between the second engagement structure and the coupling mechanism and dimensioned to receive the cutting portion of the drill bit therein.

6. The drilling apparatus of claim 1 , wherein the coupling mechanism comprises one of a socket and a head.

7. The drilling apparatus of claim 1 , wherein the cutting portion of the drill bit is insertable through the second engagement member into the sleeve.

8. The drilling apparatus of claim 1 , wherein the sleeve comprises an internal chamber where the internal chamber is accessible through an aperture such that the drill bit is inserted through the aperture into the chamber with the first engagement structure engaging the second engagement structure.

9. The drilling apparatus of claim 1 , wherein the cutting portion of the drill bit has a maximum cutting diameter, wherein the collar is fixed in position on the drill bit, and wherein the collar has a first diameter that is greater than the maximum cutting diameter of the cutting portion of the drill bit to set a depth distance that determines a distance the drill bit penetrates into a material being drilled.

10. The drilling apparatus of claim 1 , wherein the cutting portion of the drill bit has a maximum cutting diameter, and wherein the collar has a first diameter that is greater than the maximum cutting diameter of the cutting portion of the drill bit to set a depth distance that determines a distance the drill bit penetrates into a material being drilled, and wherein the collar is movable along the length of the drill bit to vary the depth distance.

11. The drilling apparatus of claim 1 , wherein the collar comprises a countersink head.

12. A method of installing a fastener comprising:

attaching a drill bit to a power tool, the drill bit comprising:

a shank;

a cutting portion adapted to drill a hole in a material;

a collar permanently secured to the drill bit in a position along the length of the drill bit; and

a stop provided along the length of the drill bit, wherein the stop sets a depth distance that the drill bit is allowed to be inserted into a material being drilled;

drilling a hole using the cutting portion to penetrate the material;

removing the drill bit from the hole;

securing a first end of a driver sleeve to the drill bit, the driver sleeve supporting a fastener driver at a distal second end of the driver sleeve; and

screwing a fastener into the hole using the fastener driver.

13. The method of claim 12 , wherein the driver sleeve further comprises an opening at the second end and a coupling mechanism disposed adjacent the second end, the method further comprising:

inserting at least a portion of the fastener driver into the opening of the second end of the driver sleeve; and

attaching the fastener driver to the driver sleeve using the coupling mechanism.

14. The method of claim 12 , wherein the step of securing the first end of the driver sleeve to the drill bit comprises inserting at least a portion of the drill bit into a first opening at the first end of the driver sleeve.

15. The method of claim 12 , wherein the driver sleeve further comprises a mating second engagement structure disposed within the driver sleeve and wherein the step of securing the first end of the driver sleeve to the drill bit comprises engaging a first engagement structure on the drill bit with the mating second engagement structure in the driver sleeve.

16. A drill bit comprising:

a first end and a distal second end;

a shank extending from the first end toward the second end, the shank comprising a quick change shank configured to attach the shank to a power tool;

a cutting portion extending from the second end towards the first end and adapted to drill a hole in a material; and

a collar spaced along the length of the drill bit between the quick connect mechanism and the cutting portion, the collar comprising a first engagement structure adapted to be attached to a sleeve.

17. The drilling apparatus of claim 16 , wherein the first engagement structure comprises a peripheral surface of the collar formed with at least one flat face.

18. The drilling apparatus of claim 16 , wherein the collar is fixed in position on the drill bit to set a depth distance that determines a distance the cutting portion of the drill bit penetrates into a material being drilled.

19. A method of installing a fastener comprising:

attaching a drill bit to a power tool, the drill bit comprising:

a shank;

a cutting portion adapted to drill a hole in a material; and

a collar permanently secured to the drill bit in a position along the length of the drill bit;

drilling a hole using the cutting portion to penetrate the material;

removing the drill bit from the hole;

securing a first end of a driver sleeve to the drill bit, the driver sleeve comprising an opening at a distal second end of the driver sleeve and a coupling mechanism disposed adjacent the second end, the driver sleeve supporting a fastener driver at the second end of the driver sleeve;

inserting at least a portion of the fastener driver into the opening of the second end of the driver sleeve;

attaching the fastener driver to the driver sleeve using the coupling mechanism; and

screwing a fastener into the hole using the fastener driver.