A few years ago, no. But I could now - I always struggled with what do you do first? Saddles? Truss rod? Now I finally have it figured out and it's not all that difficult.
Strip it down, clean the crap out of the bass - I assume it's in need of a good cleaning
Possibly tweak the truss rod a little if it's way, way out, we'll assume reasonably neutral
String with new strings, pay attention to the winds on the posts to keep the string angle as low as possible
Tune
With a quality straight edge, set the neck perfectly flat.
Grab a beer, let the neck sit overnight
Make sure the neck is still flat, set the saddles' height so that the strings are as low as possible but playable 9-12th fret and up.
There will be some buzz up around 1-7. Adjust the truss rod to give about a pick's worth of relief at the 5th fret when you hold down the string at 1 and 15. Check both sides.
Check playability, looking for string buzz 1-5-ish, add a little more relief if needed.
Adjust for intonation.
Set witness points at the nut and bridge and go back and check for buzzing higher up on the neck, after setting the witness point, you may need to raise the B or E string slightly.
Double check intonation.
Give a bit of tug to the strings like a bow an arrow, keep it reasonable though. Just trying to make sure the tension is set.
Give it a final tune, and it should be good to go.
If it needs fret leveling or net work, I take that to the shop. I'll do fret sprout myself, but leveling is something I haven't tackled yet.
