In order to assure the accuracy of pump test rig and stability of measurement, it would be equipped with flow meter of high precision and calibration system. A volume-weight method for in-situ calibration is brought out to achieve bidirectional calibration. The two way calibration can be done on the pump test rig. According to the design objective, the pump, weight tank, pool, commutator and standard measuring cylinder were calculated and selected. Based on measurement uncertainty method, the system uncertainty consisted of uncertainty of standard measuring cylinder, calculagraph, commutator and calibration sensor of volume method. The calculation formulas of these uncertainties are presented. The total expanded uncertainty of system is 0.136% and the stability of flowrate is 0.0212%. Results from calculation and pressure pulse experiment indicate that the combination of the convert-frequency facility with invariableness’ pool can maintain the pressure stability of test. The volume-weight calibration method, which combined with the weight method and volume method, can assure the accuracy and also reduce the expensive. It could be applied in similar test rigs.