If you work for a large company, you probably have test equipment that is routinely calibrated. Some companies have their own metrology labs and others send out to an external lab. In a garage lab, you are less likely to do calibrations and — in our experience — that isn’t usually a problem. Still, it is nice to be able to do at least a sanity check on your gear. Also, if you buy old test gear and repair it, it would be nice to be able to check it, as well. [IMSAI guy] built his own little calibration setup, adding to it over the years, and he shares the details in a recent video, which you can see below.
The board started out simply as one voltage regulator and some 0.01% resistors. Over time, though, he added a few more bells and whistles. The setup isn’t going to rival a NIST-traceable lab setup, but for your garage it is perfectly fine.