A bone fixation system includes at least one bone fixation member and a bonefixationinstrument. The bone fixation member includes a strap and a locking mechanism.The strap canbe pulled through the locking mechanism so as to form a loop about a targetbone so as to securefirst and second bone segments in an approximated, compressed configuration.The bonefixation instrument is configured to apply tension to the loop about thetarget bone. The fixationinstrument includes a tension assembly that is configured to secure a free endof the bonefixation member to the fixation instrument. The tension assembly is furtherconfigured to pullthe free end so as to increase tension in the loop while the tension in theloop is less than a selecttension. The tension assembly is unable to further increase tension in thebone fixation memberonce the tension in the bone fixation member has reached the select tension.The fixationinstrument further includes a cutter assembly that is configured to cut thefree end of the bonefixation member so as to separate the free end from the loop.