Traffic engineering and bandwidth management of bundled links may, at times, require the selection of one of a plurality of component links in a bundled link to use in admitting a connection requiring admission. While performing the selection it may be determined that more than one of the component links has the resources required to admit the connection. An admission policy may then be selected from among a plurality of admission policies. Based on the selected admission policy, a particular component link may then be selected. Such bandwidth management, based on admission policies, may be seen to be well suited to balancing and component link recovery in traffic engineered, connection-oriented MPLS networks.