A guided punch is disclosed. The guided punch generally comprises a strike capcomprising astrike surface, a punch comprising a distal cutting edge, and a guide rod. Thestrike cap defines afirst cavity therein. The punch defines a second cavity therein incommunication with the firstcavity. The guide rod is located within the first and second cavities andextends a predetermineddistance beyond the distal cutting edge of the punch. The strike cap and thepunch are moveablerelative to the guide rod.