An apparatus and method for fencing in which multiple strands of barbed wire are simultaneously pretensioned and strung along fence post caps by being unwound from a plurality of rolls mounted on a utility vehicle against a retarding force, each strand routed around sets of pulleys in being strung drawn along the fence posts. A walkway platform on the vehicle allows an installer to reach the fence post caps to tie the barbed wire strands to the fence post caps. The post caps are first installed by being dispensed off a rack extending over the walkway together with a tension wire.