That is basically one part. But you can fix it.
http://bmwe32.masscom.net/johan/bump...r_respray.html
The ultmiate E32 website is this
http://www.bimmerboard.com/forums/e32
all important links are on my website below, like this one
http://www.e38.org/e32/
bumper removal
http://www.bimmerboard.com/forums/posts/210509
I repaired my one with fibre mats, see here
http://www.7-forum.com/forum/5/zerkn...ert-93157.html
you may have to register on the German 7-forum first to see the enlarged pics