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Truss Rod Adjustment on Fender MIM Precision

Ok guys, my 2010 MIM Precision needs to be setup again. The intonation and action need to be adjusted, and the truss rod needs to be tweaked as well.

So, I need some advice (tips) on how to properly adjust the truss rod. Please be detailed, as I've never done a truss rod adjustment before. Thanks! :bassist:
 
Have you considered looking at the Fender site?
They have documentation on pretty much every bass they have ever sold.

Perhaps an internet search on "bass setup"
I bet there is even a sticky on setting up a bass right here on TB.

It's a worthy investment in time to learn how to set up your own instruments.
There is no such thing as a perfect setup, only one that is perfect for you.

You will discover this once you take the time to learn how a setup is done.