Large Volume Metrology is essential to many high value industries to go towards the factory of the future, but also to many science facilities for fine alignment of large structures. In this context, we have developed a multilateration coordinate measurement system, traceable to SI metre, and suitable for outdoor measurements or industrial environments. It is based on a high accuracy absolute distance meter developed in-house and shared between several measurement heads by fibre-optic links. Thus, from these measurement stations, multiple distance measurements of several positions of a target can be performed. At the end, coordinates of the heads and of the different target locations are determined using a multilateration algorithm with self-calibration. In this paper, the uncertainty of this multilateration coordinate measurement system is determined with a consistent metrological approach. First, 13 different sources of errors are listed and quantified. Then, thanks to Monte Carlo simulations, the standard uncertainty on a single absolute distance measurement is assessed to 4.7 µm. This includes the uncertainty contribution of the telemetric system itself, but also the contributions of the mechanical designs of the measurement heads and the target. Lastly, measurements of three-dimensional coordinates of target positions are performed in a control environment, then in a large workshop without temperature control: these measurements validate the uncertainty assessment of the system.