Abstract: A combination tool for forming a hole in a structure and for installing a rivet in the hole comprises an elongate body, a drill on one end of the body for forming a hole in a structure, a rivet head mounted along the body, and a manually operated lever for generating a pulling force and transmitting the force to the rivet head when a rivet is to be installed. The elongate body preferably includes an integral housing which includes first and second ends, and which has a longitudinal axis. The drilling tool extends from the first end of the body along the longitudinal axis. The rivet head faces outwardly from the body along an axis which lies in a plane which extends transversely to the longitudinal axis of the body. The tool holder is rotatably driven by an electrical, pneumatic, or hydraulic motor. A rechargeable battery pack may be used in combination with an electrical motor to increase portability, convenience and efficiency of use.