This is the second drill bit I have bought. The first lasted 5-6 years and still works well, but it's one of those tools I couldn't do without and wanted the second one as a backup. If you're an electrician, you're wrong if you don't have these units. Not only is this pup capable of drilling a variety of hole sizes, but it's also ideal for reaming burrs in an EMT that you've just cut with a pipe cutter or hacksaw. I don't know how the cheaper ones hold up, this one lasts for years.