Disclosed is a bi-directional piston displacement type volumetric fluid flow rate delivery and metering system (calibration standard) and operational method for calibration of fluid flowmeters. The present invention provides reduced uncertainty of delivered volumetric fluid flow rate at meters under test relative to the uncertainty of volumetric fluid flow rate at meters under test provided by prior art bi-directional piston displacement type volumetric fluid flow rate standards given the same nominal cylinder diameters and working fluid and equal dimensional, timing and temperature measurement uncertainties by employing a plurality of metering pistons and cylinders to minimize the connecting volume piping between the metering piston cylinder outlet and meters under test, providing open access to one side of each metering piston to accomplish installation of temperature probes through the pistons into the working fluid and by operational method which minimizes the connecting volume to standard volume ratio.